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Palay farmgate price plunges 4.1% in first week of Oct.

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PHILSTAR

THE AVERAGE farmgate price of palay, or unmilled rice, fell 4.1% week on week to P15.79 per kilogram in the first week of October, with the price also up 0.2% from a year earlier, according to the Philippine Statistics Authority (PSA).

In its weekly update of palay, rice, and corn prices, the PSA said the average wholesale price of well-milled rice fell 0.5% to P37.90 while the retail price fell 0.6% to P41.73.

The average wholesale price of regular-milled rice fell 1.1% to P33.86 while the retail price fell 0.6% to P37.04.

The farmgate price of yellow corn grain rose 1.4% week on week to P11.89.

The average wholesale price of yellow corn grain fell 7.7% to P20.25 while the retail price rose 0.1% to P25.05.

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The farmgate price of white corn grain fell 1% week on week to P13.32.

The average wholesale price of white corn grain fell 3.9% to P16.58 while the retail price fell 3.1% to P26.53. — Revin Mikhael D. Ochave

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