# Palay prices now lower than that of ‘darak’ | GMA News Online

> 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.

- Date: 2019-09-04 · published 2019-09-04T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/57142-palay-prices-now-lower-than-that-of-darak-gma-news-online
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## 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 | 2019-11-18 | [Finance dep’t notes ‘disconnect’ between rice farmgate, retail prices - BusinessWorld Online](https://feedsoft.ai/events/56133-finance-dep-t-notes-disconnect-between-rice-farmgate-retail-prices.md) | +2.4% | +6.0% |
| RICE | 2016-11-11 | [Rice prices plunge to 21-yr low - The Korea Herald](https://feedsoft.ai/events/12237-rice-prices-plunge-to-21-yr-low-the-korea-herald.md) | +0.5% | +2.8% |
| RICE | 2024-09-29 | [Export ban on Non-Basmati White Rice lifted: why, what is the likely impact \| Explained News - The Indian Express](https://feedsoft.ai/events/12948-export-ban-on-non-basmati-white-rice-lifted-why-what-is-the-likely-impact.md) | +0.1% | +0.0% |
| 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% |

## Sources

- gmanetwork.com: https://www.gmanetwork.com/news/topstories/nation/706950/palay-prices-now-lower-than-that-of-darak/story/

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