Bank economists warned that Philippine inflation could exceed 8% in November and December, driven by higher public transport fares, electricity rates and wages. They also cited stubbornly high global oil prices and the threat of El Niño to food supply.
The National Food Authority is targeting a rise in rice stocks by increasing its buying price.
A higher government buying price tightens domestic rice supply and supports local paddy prices, while El Niño risks add upside pressure on food costs.
After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.