Palay farmgate price drops 2.2% in first week of September
THE average farmgate price of palay, or unmilled rice, fell 2.2% week on week to P17.64 per kilogram for the first week of September, with the price up 8.4% year on year, according to the Philippine Statistics Authority (PSA).
In its weekly update on palay, rice, and corn prices, the PSA said the average wholesale price of well-milled rice fell 0.6% to P38.57 while the retail price fell 0.3% to P42.23.
The average wholesale price of regular-milled rice fell 0.7% to P34.99 while the retail price fell 0.5% to P37.91.
The farmgate price of yellow corn grain fell 4.6% week on week to P12.32.
The average wholesale price of yellow corn grain fell 2.4% to P20.85 while the retail price fell 0.1% to P24.85.
The farmgate price of white corn grain fell 5.1% week on week to P13.52.
The average wholesale price of white corn grain fell 7.9% to P15.88 while the retail price fell 0.4% to P27.80.
The PSA released three weeks’ worth of data in its report. In the fourth week of August, the average farmgate price of palay fell 1.4% to P18.13. The price rose 3.9% from a year earlier.
The farmgate price of yellow corn grain fell 0.3% to P12.99, while the price of white corn grain fell 0.9% to P14.31.
The farmgate price of palay fell 0.5% to P18.04 during the fifth week of August, with the price up 8.2% year on year.
The farmgate price of yellow corn grain fell 0.1% to P12.98 while the price of white corn grain rose 0.1% to P14.33. — Revin Mikhael D. Ochave
