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Philippine Agriculture Secretary Emmanuel Pinol said farm-gate rice buying prices are at record highs, with fresh palay around P22 and dry palay up to P29.50. He framed the price increases as beneficial to farmers.
Record Philippine domestic prices signal tight local supply and strong import need, which supports demand for imported rice from Asian exporters.
rappler.comRalf RivasAug 28, 2018After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
