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Philippine farmgate palay prices averaged P17.62 per kilo in mid-August, down 21% from a year earlier, while retail regular and well-milled rice fell 10% and 7%. The article says the Rice Tariffication Act is blamed and that officials are proposing measures to help farmers cope.
Sharp paddy declines threaten the incomes of more than two million farmers and could reduce future domestic output. Continued cheap imports keep pressure on local rice and rice-by-product prices.
rappler.comJC PunongbayanSep 5, 2019After 100 past bearish policy events, 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.
