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PH rice stocks down in June

DESPITE recent rice imports aimed at boosting domestic stocks, the country’s total rice inventory stood at 2.36 million metric tons (MMT) in June, lower than the volume recorded a year ago and in May, the Philippine Statistics Authority (PSA) said. In its latest “Rice and Corn Stocks Inventory” report, the state-run statistics agency said the [...] The post PH rice stocks down in June appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJul 12th, 2018

Rice stocks down in June

MANILA, Philippines - The country’s rice inventory declined 20 percent to 2.6 million metric tons (MT) in June, the Philippine Statistics Authority reported......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2017

June hot money outflows accelerate as bears dominate stocks

Foreign capital lodged in short-term investments flowed out of the Philippines for a second consecutive month in June--a phenomenon attributed by the Bangko Sentral ng Pilipinas to rising returns o.....»»

Category: newsSource:  philippinetimesRelated NewsJul 13th, 2018

June ‘hot money’ outflows accelerate as bears dominate stocks

Foreign capital lodged in short-term investments flowed out of the Philippines for a second consecutive month in June---a phenomenon attributed by the Bangko Sentral ng Pilipinas to rising returns overseas and investors' worries about high domestic inflation and the weakening currency. In a statement, the central bank said $516 million worth of registered foreign portfolio investments left the country last month, reversing the $73 million in net inflows reported during the same period last year. The June net outflows were also more than double the amount recorded in May of $206 million. "This may be attributed to the US Federal Reserve's decision to increase interest rates and i...Keep on reading: June ‘hot money’ outflows accelerate as bears dominate stocks.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

NFA mulls additional rice imports

State-run National Food Authority is considering importing another 500,000 metric tons of rice due to the depletion of the agency’s stocks......»»

Category: financeSource:  philstarRelated NewsJul 12th, 2018

With inflation so high, is it still a good time to buy stocks?

Just when we thought things were starting to look better domestically, the government on Thursday threw a monkey wrench when it disclosed that June inflation hit 5.2 percent. Not only was it up sig.....»»

Category: newsSource:  philippinetimesRelated NewsJul 9th, 2018

Cautious trading expected this week

Local stocks are seen trading with caution this week as investors price in prospective local interest rate increases following the spike in June inflation while the US-China trade war was set in mo.....»»

Category: newsSource:  philippinetimesRelated NewsJul 9th, 2018

PH stocks slip as investors brace for interest rate hikes

The local stock barometer slipped for the second straight session yesterday as investors priced in faster local interest rate hikes as domestic inflation hit a five-year high in June. The main-shar.....»»

Category: newsSource:  philippinetimesRelated NewsJul 7th, 2018

Inflation surge sends stocks into a tailspin

The higher-than-expected 5.2 percent inflation for June, which beat all estimates sent the local stock market into a tailspin yesterday......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2018

NFA pays premium price for Isabela rice

State-run National Food Authority managed to secure palay (unhusked rice) stocks in Isabela after buying at a higher price......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2018

Extra rice, anyone?

The prices of rice increased for the 24th straight week on the third week of June, with the average for the well-milled variety pegged at P41.46 per kilogram, according to data released by the Philippine Statistics Authority (PSA). That average is 0.22 percent higher than prices seen on the second week of June and 6.86 […].....»»

Category: newsSource:  tribuneRelated NewsJul 5th, 2018

Rice prices still high

Rice prices have remained high despite the ongoing distribution of more affordable imported rice by the National Food Authority (NFA). As of the third week of June, the Philippine Statistics Author.....»»

Category: newsSource:  philippinetimesRelated NewsJul 3rd, 2018

BSP: June inflation could go either way

INFLATION could accelerate further this month or slow from May’s five-year high, the Bangko Sentral ng Pilipinas (BSP) said on Friday. “The BSP Department of Economic Research projects the 2012-based June 2018 inflation to settle within the 4.3-5.1 percent range,” the central bank said in a statement. “Upward price pressures from rice and other agricultural… link: BSP: June inflation could go either way.....»»

Category: newsSource:  manilainformerRelated NewsJun 30th, 2018

BSP: June inflation could go either way

INFLATION could accelerate further this month or slow from May’s five-year high, the Bangko Sentral ng Pilipinas (BSP) said on Friday. “The BSP Department of Economic Research projects the 2012-based June 2018 inflation to settle within the 4.3-5.1 percent range,” the central bank said in a statement. “Upward price pressures from rice and other agricultural [...] The post BSP: June inflation could go either way appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 30th, 2018

BSP: Cheaper fuel to temper June inflation

The inflation rate in June may have risen at a faster pace than the previous month's record high of at least five years due to continued increases in the prices of basic commodities, especially rice, central bank economists said.   In a statement, the Bangko Sentral ng Pilipinas' department of economic research said it was expecting the country's inflation rate to rise to as high 5.1 percent this month, but may also come in as low as 4.3 percent, based on the 2012 price base.   The unit---whose output guides the BSP's Monetary Board in setting interest rate policy---said price hikes in basic goods were mitigated by reductions in prices in other sectors.   ...Keep on reading: BSP: Cheaper fuel to temper June inflation.....»»

Category: newsSource:  inquirerRelated NewsJun 29th, 2018

Inflation seen breaching 5% in June

Inflation may hit five percent this month amid upward price pressures from rice and other agricultural commodities due to weather-related disruptions as well as higher LPG prices, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJun 29th, 2018

BSP sees June inflation between 4.3-5.1%

INFLATION remained elevated in June given higher prices of rice and crops as well as cooking gas, the Bangko Sentral ng Pilipinas (BSP) reported on Friday......»»

Category: financeSource:  bworldonlineRelated NewsJun 29th, 2018

Cheaper fuel to temper June inflation, says BSP

      The Philippines' inflation rate in June may have risen at a faster pace than the previous month's record high of at least five years due to continued increases in the prices of basic commodities, especially rice, central bank economists said on Friday.   In a statement, the Bangko Sentral ng Pilipinas' Department of Economic Research said it expects the country's inflation rate to rise to as high as 5.1 percent this month, but may also come in as low as 4.3 percent, based on the 2012 price base.   The unit --- whose output guides the central bank's Monetary Board in setting interest rate policy --- said price hikes in basic goods were m...Keep on reading: Cheaper fuel to temper June inflation, says BSP.....»»

Category: newsSource:  inquirerRelated NewsJun 29th, 2018

NFA Starts Distribution of Low-Priced, Quality Rice in Metro Manila

The National Food Authority on Tuesday (June 26) has started the distribution of low-priced, good quality NFA rice in Metro Manila. The agency also assured the public of enough buffer stock for the entire country as fresh rice imports arrived. The shipments came from Vietnam and Thailand, the only countries with a memorandum of agreement […].....»»

Category: newsSource:  metrocebuRelated NewsJun 28th, 2018

Palay farmgate prices rise in mid-June

FARMGATE prices for palay, or unmilled rice, rose in the second week of June to P21.23 per kilogram (kg) with the approach of the so-called lean months, when market supply dries up between harvests, the Philippine Statistics Authority (PSA) said. The post Palay farmgate prices rise in mid-June appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 25th, 2018

NFA Starts Selling Rice in Mindanao as Imports Arrive

QUEZON CITY, June 21 — Consumers in the Caraga region in Mindanao were the first to benefit from the freshly-delivered imported rice of the National Food Authority (NFA) as the agency started selling the much-awaited affordable rice since June 8. Imported rice deliveries from Vietnam first arrived on June 2 at the ports of Surigao […].....»»

Category: newsSource:  metrocebuRelated NewsJun 24th, 2018