# ‘Local rice prices likely to go down this month’ - Watchmen Daily Journal

> 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.

- Date: 2024-01-03 · published 2024-01-03T12:00:00.000Z
- Category: trade · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/6741-local-rice-prices-likely-to-go-down-this-month-watchmen-daily-journal
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Local retail rice declines reflect increased import supply in the Philippines, a regional price signal with limited effect on global rough rice benchmarks.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-05-28 | [Vietnam fragrant rice price fall to one-month low on weak Philippine demand \| S&P Global](https://feedsoft.ai/events/19302-vietnam-fragrant-rice-price-fall-to-one-month-low-on-weak-philippine-demand-s.md) | -2.1% | +1.3% |
| RICE | 2016-12-08 | [RICEPLUS MAGAZINE: 9th December,2016 daily global,regional and local rice e-newsletter by riceplus magazine](https://feedsoft.ai/events/73527-riceplus-magazine-9th-december-2016-daily-global-regional-and-local-rice-e.md) | -2.3% | -4.9% |
| RICE | 2024-11-19 | [Lower rice prices coming in 2025 – think tank](https://feedsoft.ai/events/27482-lower-rice-prices-coming-in-2025-think-tank.md) | -1.5% | -1.2% |
| RICE | 2020-12-23 | [India’s Rice Exports up 33%, Likely to Export 10 million Non-Basmati Rice this Year - Grainmart News](https://feedsoft.ai/events/49614-india-s-rice-exports-up-33-likely-to-export-10-million-non-basmati-rice-this.md) | -1.3% | +7.4% |
| RICE | 2024-12-11 | [COMMODITIES 2025: Rice prices likely to be pressured by large harvest, end to India export ban](https://feedsoft.ai/events/26927-commodities-2025-rice-prices-likely-to-be-pressured-by-large-harvest-end-to.md) | -0.7% | -5.4% |

## Sources

- watchmendailyjournal.com: https://watchmendailyjournal.com/2024/01/04/local-rice-prices-likely-go-month/

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