# Government sets to provide more funds to support farmers’ productivity and income - THEPHILBIZNEWS

> The Philippine trade secretary credited the Rice Tariffication Law with bringing retail rice prices to a seven-year low. Retail regular milled rice averaged PHP36.32/kg in early February, the lowest since December 2013.

- Date: 2020-03-10 · published 2020-03-10T12:00:00.000Z
- Category: policy · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/54210-government-sets-to-provide-more-funds-to-support-farmers-productivity-and
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower domestic Philippine prices after tariff reform reduce import demand pressure in the short term, a modestly bearish signal for Asian rice trade.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-03-31 | [Government approves unrestricted exports of organic agri products \| India News - The Indian Express](https://feedsoft.ai/events/71961-government-approves-unrestricted-exports-of-organic-agri-products-india-news.md) | +3.4% | -7.3% |
| RICE | 2019-01-18 | [Mexico: Government established guaranteed prices for five agricultural products - Global Trade Alert](https://feedsoft.ai/events/61061-mexico-government-established-guaranteed-prices-for-five-agricultural-products.md) | +1.6% | -4.8% |
| RICE | 2024-05-22 | [Analysis: Farm program payments would more than double for southern crops \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/30239-analysis-farm-program-payments-would-more-than-double-for-southern-crops-agri.md) | -4.0% | -3.2% |
| RICE | 2022-08-30 | [Government has no plans as of now to curb rice exports: Official source](https://feedsoft.ai/events/39989-government-has-no-plans-as-of-now-to-curb-rice-exports-official-source.md) | -2.5% | +0.2% |
| RICE | 2019-02-27 | [India: Scheme to provide transport and marketing assistance on agricultural exports announced (extended due to the COVID-19 pandemic) - Global Trade Alert](https://feedsoft.ai/events/60562-india-scheme-to-provide-transport-and-marketing-assistance-on-agricultural.md) | +1.1% | +8.6% |

## Sources

- thephilbiznews.com: https://thephilbiznews.com/2020/03/10/government-sets-to-provide-more-funds-to-support-farmers-productivity-and-income/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.