Your Morning Fix

• According to the Philippine Statistics Authority (PSA), the average farmgate price of dry palay in October was PHP 15.89 per kilo, which represents a 22.7% drop year-on-year but a 1.9% rise month-on-month.
• According to the Department of Agriculture, the total agricultural damage from Super Typhoon Uwan and Typhoon Tino reached a total of PHP 743.83 million.
• According to the PSA, the value of approved foreign investment pledges in the third quarter plunged by 48.7% to PHP 73.68 billion from PHP 143.74 billion a year earlier.
• Boston Federal Reserve President Susan Collins said she sees a “relatively high bar” for further rate cuts, stating she would be hesitant to ease policy given elevated inflation unless there is notable labor market deterioration.
• Japan’s wholesale prices increased by 2.7% year-on-year in October, higher than the consensus estimate of 2.5%, driven by high costs of food such as rice.