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Farmgate palay price swells 26% in November

Published Dec 16, 2023 04:51 am

At A Glance

  • The farmgate price of palay or rice per kilogram swelled 26.6 percent to P21.96 per kilogram in October, up from P17.35 in November 2022.<br>Of the regions, the highest farmgate price of palay was seen in Bangsamoro Autonomous Region (BARMM) while the lowest was recorded in Zamboanga Peninsula.<br>All regions recorded positive year-on-year growth rates but also posted month-on-month increases in the average farmgate prices of palay in November.

The farmgate price of palay or rice per kilogram swelled in November this year, data from the Philippine Statistics Authority (PSA) showed.

Based on the PSA data, the average farmgate price of palay increased to 26.6 percent during the month. This translates to P21.96 per kilogram of palay, which is higher compared to P17.35 recorded in November last year.

It is also higher compared to the October performance by 6.6 percent at P20.60 per kilogram of palay.

Of the regions, the highest farmgate price of palay was seen in Bangsamoro Autonomous Region (BARMM) in Muslim Mindanao at P24.65 per kilogram while the lowest was recorded in Zamboanga Peninsula at P18.88 per kilogram.

All regions recorded positive year-on-year growth rates of the average farmgate prices of palay in November, according to PSA data.

Caraga posted the highest annual increment of 35.7 percent, while the lowest reading of average farmgate prices of palay was recorded in Mimaropa at 14.2 percent.

All regions posted month-on-month increases with the highest rate seen in BARMM at 42 percent.

Related Tags

Philippine Statistics Authority Palay Prices
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