Palay farmgate rice falls 0.41% in late Feb.

THE FARMGATE price of palay, or unmilled rice, fell 0.41% week-on-week to P19.63 per kilogram (kg) in the fourth week of February, the Philippine Statistics Authority (PSA) said.
The average wholesale price of well-milled rice fell 0.15% week-on-week to P41.13 per kg while the average retail price dropped 0.07% to P44.58 per kg.
The average wholesale price of regular-milled rice fell 0.34% to P37.61 per kg, while the average retail price fell 0.12% to P40.65 per kg.
PSA said the yellow corn grain average farmgate price fell 0.36% to P13.85 per kg.
The average wholesale price for yellow corn grain rose 1.41% week-on-week to P18.66 per kg, while the retail rose 0.04% to P24.09 per kg.
The average farmgate price of white corn grain rose 0.27% week-on-week to P14.75 per kg.
At wholesale level, the average price was P21.20 per kg, up 0.24% from a week earlier. The retail price was unchanged week-on-week at P28.32. — Reicelene Joy N. Ignacio