2 weeks Palay prices dip to P12/kg in September – PSA data MB |Biz
Palay prices had sunk to as low as P12 per kilogram (/kg) in some areas in the country during the third week of September, which means some farmers barely made money during this harvest season. This, while the Department of Agriculture (DA) claimed that buying prices of palay in the country’s top rice producing areas actually reached P19/kg. In Davao City, palay’s price went down to as low as P12.74/kg, while the prevailing price settled at P13.90/kg, data from the Philippine Statistics Authority (PSA) showed. Caraga, North Cotabato, and Surigao del Sur, too, saw palay prices going down by ... more