The National Food Authority raised its rice selling price by P2 per kilo in the Philippines. Bank economists separately warned that inflation could exceed 8% in November and December, citing transport fares, electricity rates, high oil prices and El Niño risks to food supply.
A higher state rice price adds to Philippine food inflation, but it affects domestic retail rather than world export prices. Feed buyers in the Philippines may see higher costs for rice-based feed inputs.
After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% 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.