# Rice prices hit highest level; production target unattainable | Philstar.com

> Philippine well-milled rice prices rose 17% year on year to P45.51 per kilogram in the second week of September, and the country is expected to miss its 2018 rice production target of 19.8 million tons. Typhoon Ompong damaged crops, and the farm secretary said output will not recover in the fourth quarter.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: weather · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/63114-rice-prices-hit-highest-level-production-target-unattainable-philstar-com
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Typhoon losses and a shortfall in output will keep Philippine import demand strong, supporting world rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-04-05 | [High rice inflation could linger until July as market prices keep going up](https://feedsoft.ai/events/10813-high-rice-inflation-could-linger-until-july-as-market-prices-keep-going-up.md) | +4.1% | +12.2% |
| RICE | 2017-05-31 | [U.S. rice prices could be headed higher in 2017-18](https://feedsoft.ai/events/71084-u-s-rice-prices-could-be-headed-higher-in-2017-18.md) | -0.8% | +0.9% |
| RICE | 2020-02-17 | [Crop production hit by unfavourable seasonal conditions - Food & Beverage Industry News](https://feedsoft.ai/events/54575-crop-production-hit-by-unfavourable-seasonal-conditions-food-and-beverage.md) | +0.3% | +2.1% |
| RICE | 2024-05-21 | [Thai rice prices hit 2-month high on demand surge from Brazil, Mexico](https://feedsoft.ai/events/30327-thai-rice-prices-hit-2-month-high-on-demand-surge-from-brazil-mexico.md) | -4.0% | -3.7% |
| RICE | 2017-05-17 | [U.S Rice Production Estimates Drastically Reduced \| USA Rice Federation](https://feedsoft.ai/events/71083-u-s-rice-production-estimates-drastically-reduced-usa-rice-federation.md) | +2.7% | +3.8% |

## Sources

- philstar.com: https://www.philstar.com/headlines/2018/09/20/1853110/rice-prices-hit-highest-level-production-target-unattainable

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