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The Philippines set suggested retail prices for rice in Metro Manila, capping imported well-milled rice at PHP39 per kilogram, as inflation reached its highest level since February 2009. Violators face up to four years in jail under the Price Act.
Retail price ceilings aimed at curbing inflation may reduce Philippine import demand and trade margins, weighing on import-driven rice demand.
aseannewstoday.comStella-maris EwudoluNov 1, 2018After 100 past bearish policy events, 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.
