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The Philippines signed rice tariffication into law (RA 11203) in February, replacing quantitative import restrictions with tariffs. Estimates suggest the change could lower domestic rice prices by P2 to P7 per kilo.
Liberalized Philippine rice imports can raise global demand for Asian rice exports while lowering domestic prices. The policy supports import volumes, which is mildly supportive for global rice exporters.
abs-cbn.comRonald U. Mendoza, Ayn G. Torres, Ateneo Policy CenterMar 1, 2019
theglobeandmail.comHallie Gu, Dominique Patton, Rod NickelFeb 5, 2019After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
Not 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.
