7 months Farmgate price of palay up in 2nd week of July Manilatimes |Biz
The average farm-gate price of palay (unmilled rice) slightly increased by 0.5 percent to P17.87 per kilo in the second week of July, data from the Philippine Statistics Authority (PSA) showed. In its weekly update on palay, rice and corn prices, the statistics agency said the latest average quotation of palay was higher than the P17.78 per kilo recorded a week ago. The figure, however, was down by 17.3 percent from last year’s average farm-gate price of P21.61 per kilo. The industry have reported that palay prices have gone down to as low as P12 per kilo in some provinces ... more