The average farm gate price of palay or ummilled rice as of the second week of June rose by 4.56 percent to P19.29 per kilogram, from P18.45 per kg recorded a year ago, according to the Philippine Statistics Authority (PSA).
In its report, titled “Updates on Palay, Rice and Corn Prices”, the PSA also said the wholesale price of well-milled rice rose slightly to P38.76 per kg on an annual basis. On a weekly basis, the figure is slightly lower than the P38.78 per kg posted in the first week of June.
“The average retail price of well-milled rice during the week was registered at P41.80 per kg. This was higher by 0.06 percent from a week ago level of P41.78 per kg, and by 0.74 percent from previous year’s quotation of P41.49per kg,” the report read.
As for regular milled rice, the PSA said the average wholesale price went up to P34.97 per kg on an annual basis. On a weekly basis, the figure is lower than the P35.08 per kg recorded in the in the first week of June.
“During the period in review, the average retail price of regular milled rice at P37.72 per kg registered price increments from a week ago level by 0.10 percent and from previous year’s quotation by 1.91 percent,” the report read.
The PSA said the average farm gate price of yellow corn at P11.32 per kg was lower than the previous week’s level of P11.43 per kg. Compared to a year ago the quotation of P13.03 per kg was also cheaper by 13.16 percent.
“Similarly, the average farm gate price of white corn grain at P13.61 per kg declined by 0.65 percent from a week ago level and by 8.34 percent from previous year’s price of P14.85 per kg,” the report read.
Palay and corn are the country’s staple crops. Unmilled rice output alone accounts for around 15 percent of the Philippine farm production.
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