# Bracing for effects of impending rice imports | Philstar.com

> The Philippine Senate sent a unified bill to the President that relaxes rice import restrictions, replacing quantitative limits with tariffs. The law will lapse automatically if not signed within 30 days, and it creates a P10 billion annual Rice Competitiveness Enhancement Fund. Rice prices are expected to fall by up to P7 per kilo within the year.

- Date: 2019-01-21 · published 2019-01-21T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/61172-bracing-for-effects-of-impending-rice-imports-philstar-com
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Opening Philippine rice imports to free trade under tariffs increases import demand from exporters such as Vietnam and Thailand, supporting Asian export prices while lowering domestic Philippine prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-08-11 | [Domino effect: India rice export ban puts market on edge for copycat curbs \| Reuters](https://feedsoft.ai/events/34533-domino-effect-india-rice-export-ban-puts-market-on-edge-for-copycat-curbs.md) | -3.1% | +0.4% |
| RICE | 2022-08-26 | [India considers curbs on exports of 100% broken rice \| Reuters](https://feedsoft.ai/events/39983-india-considers-curbs-on-exports-of-100-broken-rice-reuters.md) | +1.3% | +1.3% |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| RICE | 2025-09-30 | [India Imposes Export Registration Requirement for Rice](https://feedsoft.ai/events/22818-india-imposes-export-registration-requirement-for-rice.md) | -2.9% | -9.5% |
| RICE | 2023-07-13 | [India Considers Banning Most Rice Exports on Inflation Fears - Bloomberg](https://feedsoft.ai/events/5094-india-considers-banning-most-rice-exports-on-inflation-fears-bloomberg.md) | -18.5% | -16.3% |

## Sources

- philstar.com: https://www.philstar.com/business/2019/01/22/1886987/bracing-effects-impending-rice-imports

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