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Palay farmgate price declines 0.4% in last week of October

THE AVERAGE farmgate price of palay, or unmilled rice, fell 0.4% week-on-week to P15.36 per kilogram in the fourth week of October, with the price down 1.4% year-on-year, the Philippine Statistics Authority (PSA) said.

In its weekly update on palay, rice, and corn prices, the PSA said the average wholesale price of well-milled rice rose 0.2% to P37.57 while the retail price rose 0.1% to P41.48.

The average wholesale price of regular-milled rice rose 0.1% to P33.47 while the retail price fell 0.3% to P36.58.

The farmgate price of yellow corn grain fell 0.3% week-on-week to P11.83.

The average wholesale price of yellow corn grain fell 0.5% to P19.35 while the retail price fell 0.1% to P24.53.

The farmgate price of white corn grain fell 0.9% week on week to P12.90.

The average wholesale price of white corn grain fell 0.4% to P16.09 while the retail price fell 2.2% to P24.93.

The PSA released three weeks’ worth of data in its latest update.

In the second week of October, the average farmgate price of palay fell 1.6% week-on-week to P15.51 per kilogram. The price fell 1.2% from a year earlier.

The farmgate price of yellow corn grain rose 0.2% to P11.87, while the farmgate price of white corn grain fell 2.5% to P12.88.

During the third week of October, the farmgate price of palay fell 0.6% week-on-week to P15.42, with the price down 1.5% from a year earlier.

The farmgate price of yellow corn grain was flat at P11.87 while the farmgate price of white corn grain rose 1.1% to P13.02. — Revin Mikhael D. Ochave

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