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Retail rice prices in Negros Occidental, Philippines are expected to fall this month as imported rice arrives during the harvest season. Imported rice retails at 62-63 pesos per kilo while local rice sells at 52-55 pesos.
Local retail rice declines reflect increased import supply in the Philippines, a regional price signal with limited effect on global rough rice benchmarks.
watchmendailyjournal.comJan 3, 2024After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
