Economy

Palay farmgate price up 1.8% in October  

NEDA

THE average farmgate price of palay (unmilled rice) rose 1.8% month on month to P17.37 per kilogram (kg) in October, according to the Philippine Statistics Authority (PSA).

Year on year, the average price rose 10.1%, with all regions reporting price increases, according to the PSA.

“All regions recorded positive year-on-year growth rates in October 2022. Davao region registered the highest annual increase of 18.1% in October 2022,” the PSA said.

The farmgate price of palay rose to P17.12 per kg in Davao region in October, from P17.09 in September and P14.50 a year earlier.

In Central Luzon, farmgate prices rose to P17.72 per kg in October from P16.10 in September, and P16.09 a year earlier.

In Ilocos region, the farmgate price rose 8% year on year to P18.67 per kg.

The Cagayan Valley posted a 7% year-on-year increase to P17.17 per kg in October.

Eastern Visayas on the other hand posted the lowest year-on-year increase of 3.6% to P15.51 per kg. — Ashley Erika O. Jose

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top