# OPINION: Rice Tariffication, Good Governance, and Real Food Security | ABS-CBN News

> 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.

- Date: 2019-02-05 · published 2019-02-05T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60172-opinion-rice-tariffication-good-governance-and-real-food-security-abs-cbn-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- RICE: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-08-27 | [Govt may curb export of rice to  maintain ‘food security’ \| India News](https://feedsoft.ai/events/39984-govt-may-curb-export-of-rice-to-maintain-food-security-india-news.md) | +0.4% | +0.2% |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |
| RICE | 2023-05-24 | [Export of broken rice allowed to meet food security needs subject to govt permission](https://feedsoft.ai/events/35898-export-of-broken-rice-allowed-to-meet-food-security-needs-subject-to-govt.md) | +3.6% | +5.5% |
| RICE | 2020-04-01 | [Food security fears are starting to threaten Asian rice exports \| coronavirus outbreak News - The Indian Express](https://feedsoft.ai/events/53619-food-security-fears-are-starting-to-threaten-asian-rice-exports-coronavirus.md) | +2.2% | +28.3% |
| RICE | 2022-09-11 | [What government curbs on exporting rice mean for India and the world \| Explained News - The Indian Express](https://feedsoft.ai/events/39668-what-government-curbs-on-exporting-rice-mean-for-india-and-the-world-explained.md) | +2.9% | -2.9% |

## Sources

- abs-cbn.com: https://www.abs-cbn.com/blogs/business/03/01/19/opinion-rice-tariffication-good-governance-and-real-food-security
- theglobeandmail.com: https://www.theglobeandmail.com/business/article-huawei-dispute-delaying-canadian-canola-exports-to-china/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.