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Manila Bulletin devider Philippines devider National devider Pinoy farmers reap gains from high palay prices—DA

Pinoy farmers reap gains from high palay prices—DA

Published Aug 21, 2023 06:39 am

At A Glance

  • Data from the DA National Rice Program (NRP) showed palay prices in March 2023 rose to P17.69 a kilo for fresh and P19.73 for dry.
  • In April 2023, the price of fresh palay was P17.66 per kilo, while it was P20.38 for dry palay.
  • The highest posted palay price was in Central Luzon at P22 for fresh palay and P25 for dry.

An official from the Department of Agriculture (DA) said that Filipino farmers were reaping benefits from global fears of a rice shortage due to the adverse effects of the looming dry spell.

WORLD FOOD DAY: Help farmers keep our food chain growing
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Agriculture Undersecretary Leo Sebastian of the Rice Industry Development said this as world suppliers tighten their supply of rice in the world market due to the possible adverse impact of the El Niño phenomenon that might start early next year.

In a statement, the Agriculture official said that, because of the situation, Filipino farmers were no longer at the losing end of the rice sector.

"Now, Filipino rice farmers are enjoying better prices from their fresh harvest, perhaps sparked by global fears of a shortage resulting from the adverse impact of El Niño forcing world suppliers to tighten supply in the world market," he said.

Data from the DA National Rice Program (NRP) showed palay prices in March 2023 rose to P17.69 a kilo for fresh and P19.73 for dry. Compared to the same month last year, palay prices were P15.99 for fresh and P18.41 for dry palay.

In April 2023, the price of fresh palay was P17.66 per kilo, while it was P20.38 for dry palay, The prices were P15.57 for fresh and P17.95 for dry during the same period last year.

The highest posted palay price was in Central Luzon at P22 for fresh palay and P25 for dry, the DA-NRP data showed.

Separate data from the Philippine Rice Industry Stakeholders Movement (PRISM), comprising rice millers and palay traders, showed both fresh and dry palay prices for the 2023 dry season:

  • Isabela: P18.50 (fresh) and P22.50 (dry)
  • Nueva Ecija: P19.50 and P23.50
  • Bulacan: P20 and P24
  • Tarlac and Pangasinan: P18.50 and P22.50
  • Mindoro: P19 and P23
  • Leyte: P17.50 and P21.50
  • Caraga: P19 and P23
  • Iloilo: P18 and P22
  • Davao: P19.40 and P23.40

Last week, President Marcos, who holds the DA portfolio, expressed optimism that the price of rice in the country would soon stabilize as harvest had already started in some major palay-producing regions, including Nueva Ecija, Isabeka, and North Cotabato.

Related Tags

Leo Sebastian agriculutre rice supply Rice prices
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