THE FARMGATE price of palay, or unmilled rice, rose 4.7% week-on-week to P17.48 per kilogram in the first week of April, with prices down 6.5% year-on-year, according to the Philippine Statistics Authority (PSA).
In its weekly update on palay, rice, and corn prices, the PSA said that the average wholesale price of well-milled rice (WMR) rose 2.96% week-on-week to P38.59 while the retail price rose 2.19% to P42.40.
The average wholesale price of regular-milled rice (RMR) rose 2.39% to P34.14 while the average retail price rose 1.35% to P36.86.
The farmgate price of yellow corn grain rose 2.6% week-on-week to P12.23.
The average wholesale price of yellow corn grain rose 7.09% to P23.25 while the average retail price rose 1.55% to P25.50.
The farmgate price of white corn grain rose 8.9% to P15.
The average wholesale price of white corn grain rose 53.09% to P25 while the average retail price rose 13.38% to P30.50. — Revin Mikhael D. Ochave