THE average farmgate price of palay, or unmilled rice, rose 0.2% week on week to P18.39 per kilogram in the third week of August, with the price up 4.4% year on year, the Philippine Statistics Authority (PSA) said.
In its weekly update on palay, rice, and corn prices, the PSA said the average wholesale price of well-milled rice fell 0.2% to P38.91 while the retail price fell 0.1% to P42.42.
The average wholesale price of regular-milled rice fell 0.2% to P35.35 while the retail price fell 0.1% to P38.11.
The farmgate price of yellow corn grain rose 0.7% week on week to P13.03.
The average wholesale price of yellow corn grain rose 0.6% to P21.51 while the retail price fell 3% to P25.03.
The farmgate price of white corn grain rose 1.2% to P14.44.
The average wholesale price of white corn grain rose 1.8% to P18.46 while the retail price rose 0.4% to P28.40. — Revin Mikhael D. Ochave
