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The Philippine Competition Commission will probe rice middlemen, including millers, traders and wholesalers, over a gap between farmgate and retail prices. Palay farmgate prices fell 30.1% year over year to P16.18 per kilo, while retail rice averaged P37.79.
This is a domestic Philippine policy and competition issue, with little direct effect on global rice export prices. It may affect Philippine import and price policy.
philstar.comCatherine TalaveraOct 23, 2019After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), 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.
