Farmgate price of palay up 0.4% in late December

palay rice farmers

THE average farmgate price of palay, or unmilled rice, rose 0.4% week-on-week to P16.50 per kilogram in the fifth week of December, with the price improving 4.4% 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 fell 0.2% to P37.40 while the retail price fell 0.4% to P40.89.

The average wholesale price of regular-milled rice rose 0.1% to P33.38 while the retail price was flat at P36.17.

The farmgate price of yellow corn grain rose 1% week-on-week to P12.35.

The average wholesale price of yellow corn grain rose 0.9% to P19.84 while the retail price rose 0.5% to P24.69.

The farmgate price of white corn grain rose 0.3% week-on-week to P13.35.

The average wholesale price of white corn grain rose 1.9% to P16.81 while the retail price rose 0.4% to P25.63. — Revin Mikhael D. Ochave

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