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The Philippine Department of Finance said it will examine potential distortions after the farmgate-to-retail rice price gap reached about P22 per kg. Rice imports totaled 2.9 million tonnes in the 10 months to October, following the Rice Tariffication Law that liberalized imports in March.
Heavy Philippine import flows and falling palay prices point to soft Asian rice demand and sustained pressure on export prices.
bworldonline.comCEDTyCleaNov 18, 2019After 100 past bearish policy events, Rough 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.
