# Solutions chased as falling prices hit the Philippines - World - Chinadaily.com.cn

> 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.

- Date: 2019-12-02 · published 2019-12-02T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/55673-solutions-chased-as-falling-prices-hit-the-philippines-world-chinadaily-com-cn
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-11-01 | [Philippines fixes rice prices as inflation appears unstoppable](https://feedsoft.ai/events/62124-philippines-fixes-rice-prices-as-inflation-appears-unstoppable.md) | +1.1% | +3.2% |
| RICE | 2025-08-14 | [Philippines rice import suspension sparks shipping rush, price concerns \| S&P Global](https://feedsoft.ai/events/23400-philippines-rice-import-suspension-sparks-shipping-rush-price-concerns-s-and-p.md) | -5.7% | -11.0% |
| RICE | 2019-05-08 | [Rice crisis over? Philippines looks at removal of suggested retail prices as market stabilises](https://feedsoft.ai/events/59173-rice-crisis-over-philippines-looks-at-removal-of-suggested-retail-prices-as.md) | +1.6% | +9.4% |
| RICE | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | -0.7% | -2.6% |
| RICE | 2019-02-12 | [Butterfly effect: How rice tariffication bill affects everyone - National Trade Union Center of the Philippines](https://feedsoft.ai/events/60679-butterfly-effect-how-rice-tariffication-bill-affects-everyone-national-trade.md) | -3.9% | +2.1% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/201912/02/WS5de4758ea310cf3e3557b4d3.html

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