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Palay farmgate price rises 1.1% in second week of December

THE average farmgate price of palay, or unmilled rice, rose 1.1% week-on-week to P16.14 per kilogram in the second week of December, with the price increasing 2.2% year on year, according to the Philippine Statistics Authority (PSA).

In its weekly report on palay, rice, and corn prices, the PSA said the average wholesale price of well-milled rice fell 0.2% to P37.42 while the retail price fell 0.3% to P41.01.

The average wholesale price of regular-milled rice fell 0.1% to P33.42 while the retail price fell 0.2% to P36.21.

The farmgate price of yellow corn grain rose 0.3% week-on-week to P12.12 per kilogram.

The average wholesale price of yellow corn grain rose 0.1% to P19.59 while the retail price rose 0.7% to P24.78.

The farmgate price of white corn grain rose 1% to P13.27 per kilogram.

The average wholesale price of white corn grain rose 1.1% to P16.31 while the retail price rose 0.3% to P25.43. — Revin Mikhael D. Ochave

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