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The Philippine Confederation of Grains Associations called for stricter enforcement of customs rules and monitoring of rice imports amid alleged undervaluation. The Bureau of Customs denied the allegations, and the group opposed reimposing suggested retail prices, citing oversupply.
Tighter import enforcement could slow Philippine rice imports, a bearish-to-neutral factor for Asian rice export prices and a bullish one for rice bran tightness.
rappler.comAnna MogatoJul 29, 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.
