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Palay farmgate price drops 1.5% in mid-Sept.

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THE average farmgate price of palay, or unmilled rice, fell 1.5% week on week to P16.84 per kilogram in the third week of September, with the price increasing 5.7% 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 0.2% to P38.35 while the retail price fell 0.3% to P42.11.

The average wholesale price of regular milled rice fell 0.3% to P34.72 while the retail price fell 0.4% to P37.73.

The farmgate price of yellow corn grain fell 1.1% week on week to P11.88.

The average wholesale price of yellow corn grain rose 0.5% to P20.90 while the retail price rose 0.5% to P24.94.

The farmgate price of white corn grain rose 0.5% week on week to P13.24.

The average wholesale price of white corn grain was flat at P15.75 while the retail price remained at P27.80 for a third week. — Revin Mikhael D. Ochave

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