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Philippine palay farm-gate prices rose 10 percent at the start of June and have climbed for six straight months, with well-milled rice wholesale up seven percent year on year. The National Food Authority expects prices to stabilize as the first 16,000 metric tons of a 250,000 MT government-to-government purchase from Vietnam arrived.
Government import tenders from Vietnam add supply to the Philippine market and should cap further domestic rice price gains, while Vietnamese export demand supports regional quotes.
philstar.comLouise Maureen SimeonJun 8, 2018After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
