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Palay farmgate price improves 0.8% in first week of December

palay farmgate price improves 0 8 in first week of december 816x445 - Palay farmgate price improves 0.8% in first week of December
rice grains 051718 - Palay farmgate price improves 0.8% in first week of December
PHILIPPINE STAR/KRIZ-JOHN ROSALES

THE average farmgate price of palay, or unmilled rice, rose 0.8% week on week to P15.97 per kilogram in the first week of December, with the price increasing 1.5% from a year earlier, according to the Philippine Statistics Authority (PSA).

In its weekly update on palay, rice, and corn prices, the PSA said the average wholesale price of well-milled rice fell 0.4% to P37.50, while the retail price fell 0.4% to P41.13.

The average wholesale price of regular-milled rice fell 0.5% to P33.46, while the retail price fell 0.4% to P36.29.

The farmgate price of yellow corn grain rose 0.9% week on week to P12.09.

The average wholesale price of yellow corn grain rose 0.2% to P19.58, while the retail price rose 0.5% to P24.59.

The farmgate price of white corn grain rose 0.5% week on week to P13.14.

The average wholesale price of white corn grain fell 0.9% to P16.13, while the retail price fell 1% to P24.99. — Revin Mikhael D. Ochave

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