Dip in rice, oil prices to spur growth till 2026

Quick Summary:

THE expected decline in rice and oil prices could boost the country’s economic growth this year until 2026, according to market analysts.

With lower tariffs and the possible reduction in international rice prices due to the good harvest among major rice exporters, lower rice costs may be expected.

This will help boost the country’s economic growth to 5.9 percent in 2024; 5.7 percent in 2025; and 6 percent in 2026.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesIndiaPakistanVietnam

Topics: Rice Year 2024 Inflation Lower Percent Prices Country’s 2026 Expected Major

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 20:57:19 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22809394

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 63 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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