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The NFA Region 3 director said average retail and wholesale prices for commercial milled rice in Central Luzon are lower than in 2018. Palay farmgate prices, however, are below last year's levels, and farmers are demanding repeal of the Rice Tariffication Law, which sets tariffs of 35-50% on imported rice.
Tariff-driven import competition is holding down Philippine farmgate and wholesale rice prices, reducing demand for imported supply over time.
punto.com.phArmand GalangAug 29, 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.
