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Rice bran sold wholesale in Central Luzon for more than P15 a kilo, above the P14-P15 farm gate price for palay. Traders are buying newly harvested palay at P14 to P20 a kilo depending on quality.
Farmers are increasingly selling to the National Food Authority.
Rice bran is a feed ingredient, and its premium over paddy supports local feed costs in the Philippines. The local price signal is too narrow to move world markets.
philstar.comRamon Efren LazaroMay 4, 2019Not enough comparable past events yet for a historical read.
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.
