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Critics say the National Food Authority's P39-per-kilo 'cheap rice' is not available in major Metro Manila markets and call the program a hoax. They say the domestic rice crisis is worsening.
Shortages of low-priced government rice point to tight domestic supply and strong import needs in the Philippines, a major rice buyer. That could support Asian rice prices, though the effect is modest.
philstar.comDing CervantesApr 18, 2018After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), 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.
