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The Philippines rice tariffication bill, Senate Bill 1998, is due to be signed into law and would remove quantitative import restrictions. Imports from Southeast Asia would face a 35 percent tariff, with higher rates for other origins.
Industries that use rice byproducts are also expected to feel the effects.
Lifting import quotas lets the Philippines, a major rice importer, buy more foreign rice, which adds supply to world markets and pressures Asian export prices. Domestic Philippine prices may fall as cheaper imports arrive.
medicalxpress.comKarolinska InstitutetFeb 12, 2019
ntucphl.orgFeb 13, 2019Not enough comparable past events yet for a historical read.
After 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.
