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The Philippine Department of Agriculture plans moving suggested retail prices for imported and local rice, adjusted biweekly based on landing costs and farmgate palay prices. The move follows suspicions that traders are undervaluing imported rice shipments to maximize profits.
Administered retail price controls could dampen Philippine rice import demand and domestic prices, with limited effect on world markets.
rappler.comAnna MogatoJul 17, 2019After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
