Loading…
The Philippine House passed a revised Agricultural Tariffication Act in August that would replace rice import quotas with tariffs of 40% within the minimum access volume and 180% outside it. The bill removes the National Food Authority's import role and sets up a P10 billion annual competitiveness fund.
Bill details and inflation context were discussed in the article.
Liberalized rice imports into the Philippines, one of the largest importers, could raise import demand and shift trade flows across Asia. The measure is policy-driven and could weigh on domestic prices over time.
bworldonline.comCEDTyCleaJan 20, 2019After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
