# Higher palay-buying price eyed to steady rice market |  BusinessMirror

> The Philippine government issued an executive order more than doubling the corn minimum access volume to 500,000 metric tonnes. The move responds to a projected yellow corn supply gap caused by a strong El Niño hitting agriculture. The page also carries other unrelated national headlines.

- Date: 2018-02-12 · published 2018-02-12T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/66582-higher-palay-buying-price-eyed-to-steady-rice-market-businessmirror
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher duty-free corn imports cover a domestic shortfall, supporting demand for world corn while easing local feed-corn prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-31 | [CBOT corn higher - Markets - Business Recorder](https://feedsoft.ai/events/49676-cbot-corn-higher-markets-business-recorder.md) | +6.2% | +17.5% |
| CORN | 2022-01-21 | [Grain-based ethanol manufacturers demand dual pricing for maize, rice feedstock - The HinduBusinessLine](https://feedsoft.ai/events/43134-grain-based-ethanol-manufacturers-demand-dual-pricing-for-maize-rice-feedstock.md) | +1.4% | +6.9% |
| CORN | 2021-06-17 | [China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying  - Caixin Global](https://feedsoft.ai/events/46560-china-s-plummeting-hog-prices-trigger-new-mechanism-that-may-lead-to-state.md) | -2.4% | +2.5% |
| CORN | 2021-02-04 | [News Archives for Markets - 2021-02-04 - Business Recorder](https://feedsoft.ai/events/9449-news-archives-for-markets-2021-02-04-business-recorder.md) | -3.1% | -3.9% |
| CORN | 2024-06-07 | [Corn, soy futures rise on new Brazilian tax rule - Markets - Business Recorder](https://feedsoft.ai/events/6150-corn-soy-futures-rise-on-new-brazilian-tax-rule-markets-business-recorder.md) | +5.6% | -4.9% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2018/02/12/higher-palay-buying-price-eyed-to-steady-rice-market/

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