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Storage is expected to be a bottleneck in the Philippine rice harvest this month because warehouses are still full of unsold palay from the previous season. Traders can only sell at a loss due to cheap imports, and the National Food Authority is looking for warehouses to rent.
Full storage and forced sales at a loss pressure domestic paddy prices and limit government purchases during harvest. Lower prices could cut farmer incomes and reduce local grain supply later.
bworldonline.comCEDTyCleaSep 1, 2019After 49 past logistics events, Rough Rice moved a median -0.9% over 5 sessions (39% higher; middle half -2.6% to +1.1%), and +2.0% 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.
