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A Philippine regulator urged immediate release of the P10-billion Rice Competitiveness Enhancement Fund under the Rice Tariffication Law. It warned that delays could sabotage the law and that imports could exceed 2 million tons, with farmgate palay prices declining for five weeks.
Expected import growth of up to 2 million tons would add supply pressure on Asian rice markets and farmgate prices.
bworldonline.comCEDTyCleaApr 22, 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.
