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Farmers in Pangasinan and Nueva Ecija say freshly harvested palay is selling for ten pesos per kilo or less, below the price of darak, a rice-milling by-product sold as pig feed at P13 per kilo. They blame cheap imported and smuggled rice for depressing local prices.
Darak, a feed ingredient, trading above paddy prices signals tight local by-product supply for hog feeders in the Philippines, while cheap imports keep grain prices low.
southluzon.politiko.com.phNov 9, 2016After 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.
