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Manila Bulletin devider Business devider Rice output climbs 0.4% in third-quarter

Rice output climbs 0.4% in third-quarter

Published Nov 10, 2023 06:33 am

At A Glance

  • Palay production, or unmilled rice, rose 0.4 percent from the previous quarter to 5.04 million metric tons in the third quarter, according to the Philippine Statistics Authority (PSA).<br>The rice production from July to September was slightly higher compared to the 5.03 million metric tons recorded in the second quarter.<br>Seasonally adjusted farmgate price of palay in Q3 swelled to P20.24 per kilogram or 7.9 percent from P18.76 per kilogram in the previous quarter.<br>The PSA also reported that well-milled rice cost an average price of P51.67 per kilogram in the second phase of October, slightly higher than the average retail price of P51.25 in the first phase of the same month.<br>However, it is lower by 0.2 percent than the P51.77 per kilogram price of well-milled rice in the second phase of September.<br>The Bangsamoro Autonomous Region in Muslim Mindanao saw the highest average retail price of well-milled rice at P57.31 per kilogram, while Region 1 saw the lowest at P46.10 per kilogram.

Palay output, or unmilled rice, rose 0.4 percent from the previous quarter to 5.04 million metric tons in the third quarter, the Philippine Statistics Authority (PSA) said.

The rice production from July to September was higher than the 5.03 million metric tons recorded in the second quarter.

The PSA said the seasonally adjusted farmgate price of palay during the quarter swelled to P20.24 per kilogram or 7.9 percent from P18.76 per kilogram in the previous quarter.

In a separate report, the PSA said that well-milled rice cost an average price of P51.67 per kilogram in the second phase of October, slightly higher than the average retail price of P51.25 in the first phase of the same month.

However, it is lower by 0.2 percent than the P51.77 per kilogram price of well-milled rice in the second phase of September.

Of the regions, the Bangsamoro Autonomous Region in Muslim Mindanao experienced the highest average retail price of well-milled rice at P57.31 per kilogram, while Region 1 had the lowest price at P46.10 per kilogram.

The PSA also reported monthly declines in other agricultural commodities including a kilogram of Baguio beans that cost an average retail price of P108.33, down 23.3 percent; dressed chicken at P195.13, down 0.8 percent; and red onion at P185.55, down 4.6 percent.

Refined sugar also experienced a decline of 1.6 percent from the second phase of September at P95.19 to P93.64 per kilogram average retail price in the same phase of October.

Meanwhile, carabao mango and galunggong saw monthly increases from average retail prices of P174.14 and P198.2 per kilogram to P180.76 and P201.58 per kilogram, respectively.

Related Tags

Philippine Statistics Authority agricultural commodities Rice production
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