Yellow corn prices decline week-on-week, white corn’s rise
Farmgate prices of yellow corn during the last week of December was on a downtrend while prices of white corn continued to climb, the Philippine Statistics Authority (PSA) said.
In a report, the statistics agency noted that the average farm gate price reached P12.32 per kilogram during the week, down 0.08% from last week’s P12.33 per kilogram.
However, prices of the grain went up 13.76% from the P10.83 per kilogram registered in the same in the previous year.
In contrast, the average farm gate price of white corn grain stood went up 0.51% at P15.76 per kilogram from last week’s levels while surging 51.68% from a year ago.
The PSA said that prices of yellow corn grains, during the period in review, registered gains in both the wholesale and retail levels while white corn prices on the wholesale saw an upward adjustment but that of retail declined.