Palay farmgate price rises 8.71% year on year

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rice farmers

THE farmgate price for palay, or unmilled rice, rose 8.71% year on year in the second week of May to P20.97 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

According to the PSA’s “Updates on Palay, Rice and Corn Prices” report, palay prices in the second week of May were little changed from a week earlier, where they were at P20.96.

The PSA also reported that the wholesale price of well-milled rice rose 6.67% year on year to P41.12 per kg but fell 0.02% from the previous week.

Retail prices rose 5.27% year on year to P43.91 per kg and were up 0.07% week on week. The average wholesale price for regular-milled rice rose 8.35% year on year to P37.77 per kg and was up 0.19% from a week earlier.

Retail prices rose 7.52% year on year and 0.37% from a week earlier to P40.19.

The average farmgate price for both yellow and white corn grain rose 20.94% year on year to P13.92 per kg and 28.71% year on year to P17.17 per kg, respectively.

Week on week, the farmgate price for yellow corn grain fell 0.64% while that for white corn grain fell 0.35%. — Anna Gabriela A. Mogato