Palay farmgate price rises 1.1% in late December
THE average farmgate price of palay, or unmilled rice, rose 1.1% week-on-week to P16.43 per kilogram in the last week of December, with the price increasing 3.8% from a year earlier, 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 rose 0.3% to P37.49 while the retail price rose 0.2% to P41.04.
The average wholesale price of regular-milled rice rose 0.2% to P33.36 while the retail price was flat at P36.17.
The farmgate price of yellow corn grain rose 0.8% week-on-week to P12.23.
The average wholesale price of yellow corn grain fell 0.2% to P19.67 while the retail price fell 0.04% to P24.56.
The farmgate price of white corn grain rose 1% week-on-week to P13.31.
The average wholesale price of white corn grain fell 1.2% to P16.49 while the retail price rose 0.2% to P25.54. — Revin Mikhael D. Ochave
