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Palay prices increase 9% year on year in early May

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rice palay
PHILSTAR

FARMGATE prices for palay, or unmilled rice, rose 9.05% year on year in the first week of May to P20.96 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

The PSA said in its “Updates on Palay, Rice and Corn Prices” report that compared with the previous week, prices rose 1.21%.

It said the wholesale price of well-milled rice rose 6.91% year-on-year to P41.14 per kg in the first week of May.

Against the previous week, prices fell 0.05%.

The average retail price of well-milled rice rose 5.48% year on year to P43.86 per kg, the PSA said.

On a week on week basis, prices rose 0.21%.




The average wholesale price for regular milled rice rose 8.49% year on year to P37.70 per kg and was up 0.27% week on week.

At retail, the average price of regular milled rice rose 7.29% year on year to P40.04 per kg and was up 0.02% week on week.

The average farmgate price for yellow corn grain rose 21.83% year on year to P14.01 per kg in the first week of May.

Week on week, the price fell 0.92%.

The average price for white corn grain was P17.34 per kg, up 30.67% from a year earlier.

Week on week, the average farmgate price rose 0.46%.

At wholesale level, the average price for yellow corn grain rose 11.28% year on year to P20.12 per kg and fell 0.35% decline from the preceding week.

The average retail price in the first week of May rose 6.01% year on year to P23.82 per kg and was up 0.29% from a week earlier.

The average wholesale price of white corn grain rose 18.17% year on year to P20.03 per kg and fell 0.25% from a week earlier.

At retail level, the average price rose 0.34% year on year to P29.92 per kg and fell 0.13% week on week. — Anna Gabriela A. Mogato

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