# Volatile palay price blamed on Rice Tariffication Law , Punto! Central Luzon

> 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.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: policy · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/57675-volatile-palay-price-blamed-on-rice-tariffication-law-punto-central-luzon
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tariff-driven import competition is holding down Philippine farmgate and wholesale rice prices, reducing demand for imported supply over time.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-02-12 | [Butterfly effect: How rice tariffication bill affects everyone - National Trade Union Center of the Philippines](https://feedsoft.ai/events/60679-butterfly-effect-how-rice-tariffication-bill-affects-everyone-national-trade.md) | -3.9% | +2.1% |
| RICE | 2019-09-10 | [DA Bulletin No. 1 on Rice: Understanding the Rice Tariffication Law (RTL) or RA 11203 \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/57148-da-bulletin-no-1-on-rice-understanding-the-rice-tariffication-law-rtl-or-ra.md) | +4.6% | -0.3% |
| RICE | 2024-09-27 | [Centre cuts export duty on parboiled rice to 10% \| Mint](https://feedsoft.ai/events/12951-centre-cuts-export-duty-on-parboiled-rice-to-10-mint.md) | +1.6% | +0.8% |
| RICE | 2023-04-10 | [Central Govt removes Export Duty of Rice in the Husk (paddy or rough), of seed qualit Read Notification](https://feedsoft.ai/events/36493-central-govt-removes-export-duty-of-rice-in-the-husk-paddy-or-rough-of-seed.md) | +4.5% | +8.6% |
| 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% |

## Sources

- punto.com.ph: https://punto.com.ph/volatile-palay-price-blamed-on-rice-tariffication-law/

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