# Finance dep’t notes ‘disconnect’ between rice farmgate, retail prices - BusinessWorld Online

> 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.

- Date: 2019-11-18 · published 2019-11-18T12:00:00.000Z
- Category: policy · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/56133-finance-dep-t-notes-disconnect-between-rice-farmgate-retail-prices
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Heavy Philippine import flows and falling palay prices point to soft Asian rice demand and sustained pressure on export prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-08 | [Farmers wary of further palay price declines as traders reluctant to buy - BusinessWorld Online](https://feedsoft.ai/events/57672-farmers-wary-of-further-palay-price-declines-as-traders-reluctant-to-buy.md) | +1.1% | +2.8% |
| RICE | 2019-04-22 | [Regulator urges prompt release of P10-B rice fund - BusinessWorld Online](https://feedsoft.ai/events/59669-regulator-urges-prompt-release-of-p10-b-rice-fund-businessworld-online.md) | -2.2% | +6.2% |
| RICE | 2024-09-28 | [India lifts ban on exports of white rice with $490/tonne floor price - The HinduBusinessLine](https://feedsoft.ai/events/12950-india-lifts-ban-on-exports-of-white-rice-with-490-tonne-floor-price-the.md) | +0.1% | +0.0% |
| 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 | 2019-09-04 | [Palay prices now lower than that of ‘darak’ \| GMA News Online](https://feedsoft.ai/events/57142-palay-prices-now-lower-than-that-of-darak-gma-news-online.md) | +0.7% | +1.6% |

## Sources

- bworldonline.com: https://bworldonline.com/editors-picks/2019/11/18/264917/finance-dept-notes-disconnect-between-rice-farmgate-retail-prices/

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