THE average farmgate price of palay, or unmilled rice, rose 1.3% week on week to P15.84 per kilogram in the last week of November, with the price up 0.6% year on year, according to the Philippine Statistics Authority (PSA).
In its weekly update on palay, rice, and corn prices, the PSA said the average wholesale price and retail price of well-milled rice were unchanged at P37.64 and P41.29, respectively.
The average wholesale price of regular-milled rice rose 0.3% to P33.62 while the retail price rose 0.1% to P36.43.
The farmgate price of yellow corn grain rose 0.3% week on week to P11.98.
The average wholesale price of yellow corn grain fell 0.3% to P19.54 while the retail price fell 0.3% to P24.47.
The farmgate price of white corn grain rose 0.4% week on week to P13.08.
The average wholesale price of white corn grain rose 0.5% to P16.28 while the retail price rose 0.5% to P25.24. — Revin Mikhael D. Ochave