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Feb 11, 2017POLICYPhilippines

Uncertainties in Transition: Lifting of rice QR to worsen Filipino farmers’ lot

The article discusses the Philippines lifting its quantitative restriction on rice imports and its expected effect on local farmers. The body text provided is mostly unrelated sports news, so details are limited.

WHY IT MATTERS

Removing the rice import quota would increase import competition and could weigh on domestic paddy prices and world rice demand.

AFFECTSRough Rice▼

SOURCE
businessmirror.com.phJasper Y. ArcalasFeb 11, 2017

Price reaction & history

Rough Rice▼bearishSO FAR1d -0.8%5d -2.4%20d +0.6%

After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.

Aug 8, 2019Farmers wary of further palay price declines as traders reluctant to buy - BusinessWorld Online+1.1%
Jan 31, 2025INTERVIEW: Ending ban on 100% broken rice exports would benefit Indian farmers, traders: TREAC-2.0%
Jul 10, 2024Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India-15.8%
Nov 1, 2018Philippines fixes rice prices as inflation appears unstoppable+1.1%
Apr 9, 2019Slump in rice farm-gate prices due to import liberalization? | ABS-CBN+1.3%

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.

Rough Rice RICE · GP ▸

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