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Negros Occidental rice millers' cooperative voiced concern that the P10-billion RCEF fund could be misused under the rice tariffication law. NEDA and DBM signed the law's implementing rules on April 1, with imports allowed under a 35% tariff for Southeast Asian shipments.
Implementation of tariffication with freer imports is a bearish factor for Philippine rice prices and local farm incomes.
sunstar.com.phErwin P. NicaveraApr 4, 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.
