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The Philippine Department of Trade and Industry is considering removing suggested retail prices for rice after the rice tariffication law was signed. Retail rice prices now hover between PHP34 and PHP39 per kilo, down from last year's shortage levels.
The decision rests with the Department of Agriculture.
Easing domestic rice prices reflect a more open import regime, which lowers regional rice price pressure. Direct effects on feed grain markets are small.
foodnavigator.comPearly NeoMay 8, 2019After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% 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.
