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The National Food Authority may sell some of its rice stocks through a negotiated sale. The move would release government stocks into the Philippine market amid rising inflation concerns.
Releasing state rice stocks adds domestic supply and could cap local rice prices. The effect on global prices is likely limited.
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.
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.