# Dwindling rice stockpile, El Niño inflation risks–BMI |  Ada Pelonia

> Bank economists warned that inflation could exceed 8% in November and December as higher transport fares, electricity rates and wages push up prices. They cited stubbornly high global oil prices and the threat of El Niño to food supply. The same report notes a dwindling rice stockpile.

- Date: 2026-11-01 · published 2026-11-02T00:06:10.943Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/74298-dwindling-rice-stockpile-el-nino-inflation-risks-bmi-ada-pelonia
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A tightening rice stockpile combined with El Niño risk to supply could lift Philippine rice prices and raise import demand. Persistent inflation also weighs on the peso, which raises the cost of imported feed inputs.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-08-09 | [India rice shipments slow as stronger rupee lifts export prices \| India rice shipments slow as stronger rupee lifts export prices](https://feedsoft.ai/events/69410-india-rice-shipments-slow-as-stronger-rupee-lifts-export-prices-india-rice.md) | +0.8% | +2.6% |
| RICE | 2023-01-05 | [Government sees inflation's peak as it misses target for second straight year \| Philstar.com](https://feedsoft.ai/events/12192-government-sees-inflation-s-peak-as-it-misses-target-for-second-straight-year.md) | -0.2% | +1.6% |
| RICE | 2019-03-22 | [Strong rupee pushes rice prices to seven-month high, dampening exports \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/60167-strong-rupee-pushes-rice-prices-to-seven-month-high-dampening-exports-commodity.md) | -1.6% | -6.0% |
| RICE | 2026-07-17 | [Global Rice Benchmark Surges 20% in Largest Spike Since 2008…](https://feedsoft.ai/events/9565-global-rice-benchmark-surges-20-in-largest-spike-since-2008.md) | +0.8% | +1.2% |
| RICE | 2025-05-01 | [Raw Rice](https://feedsoft.ai/events/24742-raw-rice.md) | -1.8% | +3.2% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2026/10/27/dwindling-rice-stockpile-el-nino-inflation-risks-bmi/

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