Loading…
About 40% of the Philippines' roughly 10,000 rice mills have stopped operating, according to PhilConGrains, as cheap imports and falling prices hit millers. Rice bran prices have doubled to P17 per kilo from P8-9, as reduced milling cuts bran output.
Lower milling reduces rice bran supply used in poultry and hog feed, pushing up by-product feed costs in the Philippines.
philstar.comLouise Maureen SimeonJul 29, 2019After 14 past neutral logistics events, RICE moved a median -1.3% over 5 sessions (36% higher; middle half -3.6% to +0.7%), and +1.6% 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.
