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Philippine farmers are facing falling unmilled rice prices after the Rice Tariffication Law lifted import restrictions in February. The law sets a 35% tariff on ASEAN rice imports and 40% on imports from outside ASEAN, and it is aimed at curbing inflation.
Cheaper imports under the new tariff regime pressure domestic paddy prices and shift Philippine demand toward foreign supply, which is bearish for regional rice prices.
chinadaily.com.cnPrime SarmientoDec 2, 2019After 100 past bearish policy events, RICE moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
