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Palay farmgate prices surge in mid-April

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PHILSTAR.COM

THE FARMGATE price of palay, or unmilled rice, rose 4.58% week-on-week to P18.28 per kilogram in the second week of April, with prices still down 2.19% on a year-on-year basis, 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 1.5% week-on-week to P39.17 while the retail price rose 0.17% to P42.47.

The average wholesale price of regular-milled rice (RMR) rose 2.26% to P34.91 while the retail price rose 1.44% to P37.39.

The farmgate price of yellow corn grain fell 0.98% week-on-week to P12.11.

The average wholesale price of yellow corn grain rose 7.83% to P25.07 while the retail price rose 1.61% to P25.91.

The farmgate price of white corn grain fell 0.4% to P14.94.

The average wholesale price of white corn grain was flat at P25, while the retail price rose 2.72% to P31.33. — Revin Mikhael D. Ochave





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