# [ANALYSIS] Plummeting rice prices: How will our rice farmers cope?

> 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.

- Date: 2019-09-05 · published 2019-09-05T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/57149-analysis-plummeting-rice-prices-how-will-our-rice-farmers-cope
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-10-26 | [India's record rice crop brings problem of plenty for farmers juggling protest](https://feedsoft.ai/events/44513-india-s-record-rice-crop-brings-problem-of-plenty-for-farmers-juggling-protest.md) | -1.5% | +8.5% |
| RICE | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | -0.7% | -2.6% |
| RICE | 2019-04-04 | [Farmer-millers: Is P10-B fund misused under rice tariff law?](https://feedsoft.ai/events/59671-farmer-millers-is-p10-b-fund-misused-under-rice-tariff-law.md) | -4.1% | -2.4% |
| RICE | 2019-04-09 | [Slump in rice farm-gate prices due to import liberalization? \| ABS-CBN](https://feedsoft.ai/events/59668-slump-in-rice-farm-gate-prices-due-to-import-liberalization-abs-cbn.md) | +1.3% | +2.2% |
| 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% |

## Sources

- rappler.com: https://www.rappler.com/voices/thought-leaders/239392-analysis-plummeting-rice-prices-how-will-our-rice-farmers-cope/

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