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May 29, 2016 @ 5:42

Farm gate prices rise in Q1

Farm gate prices increased by 3.19 percent on the average in the first quarter of the year as lower production and lack of supply drove prices up.

According to data from the Bureau of Agricultural Statistics, farm gate prices rose the highest in the crops subsector at 5.51 percent and cabbage farmers were the biggest winners as farm gate prices of cabbage jumped by 82 percent to P19.20 per kilo, followed by onion farmers who saw farm gate prices of their produce rise by 59 percent to P32.12 per kilo, and tomato farmers with farm gate prices of tomato increasing by 41 percent to P14.49 per kilo.

Poultry farmers also benefitted, with farm gate prices in the subsector growing by 8 percent. Except for chicken egg prices which dropped by an average of 1.36 percent during the period, farm gate prices of all other products in the subsector grew, with chicken prices growing the fastest at 11 percent to P94.46 per kilo.

Farm gate prices in the livestock and fisheries subsector, however, were on the decline, with prices falling by 3.27 percent and 0.33 percent, respectively.

Farm gate prices in the livestock subsector were dragged by hog prices which declined by four percent to P93.84 per kilo as farm gate prices of beef, carabao, goat, and dairy all increased.

In the fisheries subsector, farm gate prices of most farmed products such as milkfish, tilapia, tiger prawn and seaweed all declined, with only round scad and yellowfin tuna showing increases in farm gate prices.



 

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