Palay farmgate price rises 0.71% in third week of April
THE farmgate price of palay, or unmilled rice, rose 0.71% week on week to P18.54 per kilogram in the third week of April, with prices up 0.32% year on year, according to the Philippine Statistics Authority (PSA).
In its weekly update on palay, rice, and corn prices, the PSA said that the average wholesale price of well-milled rice rose 0.08% to P39.10 while the retail price rose 0.5% to P42.33.
The average wholesale price of regular-milled rice rose 0.52% to P35 while the retail price rose 0.48% to P37.58.
The farmgate price of yellow corn grain rose 2.46% to P12.50.
The average wholesale price of yellow corn grain fell 24.27% to P19.13 while the retail price fell 11.71% to P23.29.
The farmgate price of white corn grain rose 1% week on week to P15.10. The average wholesale price of white corn grain fell 24.48% to P18.88 while the retail price fell 11.91% to P27.60. — Revin Mikhael D. Ochave
