Farmgate prices of palay rise end-2017
Farmgate prices of palay in the last week of December saw increases both on an annual and weekly basis, according to the latest report of the Philippine Statistics Authority (PSA).
The statistics agency’s report titled “Updates on Palay Price and Corn Prices” said that the average farm-gate price of unmilled rice during the period stood at P18.39 per kilogram.
This translated to an increase of 6.05% and 0.05% from a year ago and from last week, respectively.
Meanwhile, the PSA noted that “wholesale price of well-milled rice continues to climb up while that of retail price shows downward movement.”