# Inflation crisis helps bring sweeping reform to rice growing industry - BusinessWorld Online

> 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.

- Date: 2019-01-20 · published 2019-01-20T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/61169-inflation-crisis-helps-bring-sweeping-reform-to-rice-growing-industry
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-03-24 | [Post-harvest support seen as key in taming inflation - BusinessWorld Online](https://feedsoft.ai/events/31272-post-harvest-support-seen-as-key-in-taming-inflation-businessworld-online.md) | -6.1% | +9.3% |
| RICE | 2020-02-03 | [Post RTL: Rice can be profitable - BusinessWorld Online](https://feedsoft.ai/events/54679-post-rtl-rice-can-be-profitable-businessworld-online.md) | +0.0% | -0.8% |
| RICE | 2019-07-29 | [Rice industry group wants tighter import regulations](https://feedsoft.ai/events/58172-rice-industry-group-wants-tighter-import-regulations.md) | -4.0% | -10.0% |
| RICE | 2020-10-22 | [Inspect rice imports for misdeclared quality, not just volume, Senate urges Customs – BusinessWorld Online](https://feedsoft.ai/events/50694-inspect-rice-imports-for-misdeclared-quality-not-just-volume-senate-urges.md) | +2.3% | +2.1% |
| RICE | 2018-10-28 | [Traders will shoulder SRP adjustment, Piñol assures Zamboanga rice retailers - BusinessWorld Online](https://feedsoft.ai/events/62614-traders-will-shoulder-srp-adjustment-pinol-assures-zamboanga-rice-retailers.md) | -0.3% | +0.2% |

## Sources

- bworldonline.com: https://bworldonline.com/agribusiness/2019/01/21/209861/inflation-crisis-helps-bring-sweeping-reform-to-rice-growing-industry/

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