# Butterfly effect: How rice tariffication bill affects everyone - National Trade Union Center of the Philippines

> 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.

- Date: 2019-02-12 · published 2019-02-12T12:00:00.000Z
- Category: policy · region Philippines · magnitude high
- Page: https://feedsoft.ai/events/60679-butterfly-effect-how-rice-tariffication-bill-affects-everyone-national-trade
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-29 | [Volatile palay price blamed on Rice Tariffication Law , Punto! Central Luzon](https://feedsoft.ai/events/57675-volatile-palay-price-blamed-on-rice-tariffication-law-punto-central-luzon.md) | +3.1% | +6.6% |
| RICE | 2019-09-10 | [DA Bulletin No. 1 on Rice: Understanding the Rice Tariffication Law (RTL) or RA 11203 \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/57148-da-bulletin-no-1-on-rice-understanding-the-rice-tariffication-law-rtl-or-ra.md) | +4.6% | -0.3% |
| RICE | 2023-04-10 | [Central Govt removes Export Duty of Rice in the Husk (paddy or rough), of seed qualit Read Notification](https://feedsoft.ai/events/36493-central-govt-removes-export-duty-of-rice-in-the-husk-paddy-or-rough-of-seed.md) | +4.5% | +8.6% |
| RICE | 2018-11-01 | [Philippines fixes rice prices as inflation appears unstoppable](https://feedsoft.ai/events/62124-philippines-fixes-rice-prices-as-inflation-appears-unstoppable.md) | +1.1% | +3.2% |
| RICE | 2019-05-08 | [Rice crisis over? Philippines looks at removal of suggested retail prices as market stabilises](https://feedsoft.ai/events/59173-rice-crisis-over-philippines-looks-at-removal-of-suggested-retail-prices-as.md) | +1.6% | +9.4% |

## Sources

- medicalxpress.com: https://medicalxpress.com/news/2019-02-newly-disease-future-diabetes-treatment.html
- ntucphl.org: https://ntucphl.org/2019/02/butterfly-effect-how-rice-tariffication-bill-affects-everyone/

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