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In Central Luzon, the Philippines, the National Food Authority's subsidized rice has disappeared from a public market. Poorer consumers are buying cheap milling byproduct known as sorter rice at P27 per kilogram.
Reduced NFA rice supply raises domestic demand for low-grade rice and signals tight subsidized supply, a modest support for rice prices.
punto.com.phElmo RoqueMar 8, 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.
