THE average farmgate price of palay, or unmilled rice, continued to fall as the rice tariffication law came into force, with prices in the second week of March falling 1.91% week-on-week to P19.03 per kilogram.
According to Philippine Statistics Authority (PSA), the average wholesale price of well-milled rice fell 0.78% week-on-week to P40.79 per kg. The average retail price also fell 0.07% from a week earlier to P44.42 per kg.
The average price of regular milled rice, at wholesale, fell 0.74% week-on-week to P37.31 per kg. The average retail price declined 0.49% from a week earlier to P40.40 per kg.
The average farmgate price of yellow corn grain rose 1.02% week-on-week to P13.84 per kg. The average wholesale price fell 0.11% from a week earlier to P18.37 per kg.
The average retail price of yellow corn grain fell 1.72% week-on-week to P23.99 per kg.
The average farmgate of white corn grain rose 0.95% from a week earlier to P14.94 per kg.
The average wholesale price rose 1.18% week-on-week to P21.38 per kg.
At retail, the average price rose 0.71% from a week earlier to P28.52 per kg. — Reicelene Joy N. Ignacio
