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Philippines Economy News

Palay farmgate price increases 0.2% in third week of August

palay farmgate price increases 0 2 in third week of august - Palay farmgate price increases 0.2% in third week of August

THE average farmgate price of palay, or unmilled rice, rose 0.2% week on week to P18.39 per kilogram in the third week of August, with the price up 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 P38.91 while the retail price fell 0.1% to P42.42.

The average wholesale price of regular-milled rice fell 0.2% to P35.35 while the retail price fell 0.1% to P38.11.

The farmgate price of yellow corn grain rose 0.7% week on week to P13.03.

The average wholesale price of yellow corn grain rose 0.6% to P21.51 while the retail price fell 3% to P25.03.

The farmgate price of white corn grain rose 1.2% to P14.44.

The average wholesale price of white corn grain rose 1.8% to P18.46 while the retail price rose 0.4% to P28.40. — Revin Mikhael D. Ochave

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