# High rice prices a win for farmers – Piñol

> 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.

- Date: 2018-08-28 · published 2018-08-28T12:00:00.000Z
- Category: policy · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/63601-high-rice-prices-a-win-for-farmers-pinol
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Record Philippine domestic prices signal tight local supply and strong import need, which supports demand for imported rice from Asian exporters.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-10-11 | [Global rice prices are now at an 18-month high](https://feedsoft.ai/events/39207-global-rice-prices-are-now-at-an-18-month-high.md) | -0.3% | +4.2% |
| RICE | 2020-01-24 | [A growing problem: Nigerian rice farmers fall short after borders close](https://feedsoft.ai/events/55156-a-growing-problem-nigerian-rice-farmers-fall-short-after-borders-close.md) | -0.5% | -1.8% |
| RICE | 2024-01-08 | [Indian rice exporters expect to face challenges due to policy risks, high prices in 2024 - The Hindu](https://feedsoft.ai/events/32109-indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-high-prices.md) | -0.1% | +6.1% |
| RICE | 2023-08-03 | [Rice prices hit 11-year high as Indian export ban fuels supply fears - Nikkei Asia](https://feedsoft.ai/events/12034-rice-prices-hit-11-year-high-as-indian-export-ban-fuels-supply-fears-nikkei-asia.md) | +0.8% | +4.8% |
| RICE | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |

## Sources

- rappler.com: https://www.rappler.com/business/210570-high-rice-prices-win-for-farmers/

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