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Palay farmgate price rises 0.1% in second week of Feb.

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week to P16.72 per kilogram during the second week of February, with the price rising 4.6% from a year earlier, 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 P37.37 while the retail price rose 0.1% to P40.93.

The average wholesale price of regular-milled rice fell 0.1% to P33.31 while the retail price fell 0.03% to P36.14.

The farmgate price of yellow corn grain fell 0.1% week-on-week to P12.51.

The average wholesale price of yellow corn grain fell 0.1% to P19.97 while the retail price fell 0.5% to P24.34.

The farmgate price of white corn grain rose 2.5% week-on-week to P13.82.

The average wholesale price of white corn grain fell 0.2% to P17.13 while the retail price fell 0.6% to P25.71. — Revin Mikhael D. Ochave

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