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Palay (unmilled rice) farmgate prices in the Philippines have fallen to P7-P8 per kilo, below the P12 per kilo price of darak (rice bran), which millers are raising by P2 per kilo as farmers hold back harvests. The Department of Agriculture expressed concern and is seeking measures to restore farmgate prices.
Darak is a feed ingredient for hogs, ducks and chickens, so its rising price raises local feed costs even as the paddy price collapses. Cheap imports under the Rice Tariffication Law are the main pressure on prices.
gmanetwork.comGMA NewsSep 4, 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.
