Updates on Farmgate Prices of Palay (Dry) April 2022

Reference Number: 

2022-247

Release Date: 

Thursday, June 16, 2022

Farmgate price of palay continues to post downtrend in April 2022

Table A. Average Farmgate Price of Palay (dry) and Growth Rates April 2021, March 2022, and April 2022

Month

Average Farmgate Price (PhP/Kilogram)

Growth Rate (%)

Month-on-Month

Year-on-Year

April 2021

17.07

-0.2

-7.7

March 2022

17.43

-1.6

1.9

April 2022

17.23

-1.1

0.9

Source: Farm Prices Survey, Philippine Statistics Authority

The average farmgate price of palay per kilogram at the national level decreased to PhP 17.23 during the month, which is -1.1 percent lower than the previous month’s average price of PhP 17.43 per kilogram. Year-on-year, the average farmgate price of palay in April 2022 registered a growth rate of 0.9 percent from its average price of PhP 17.07 per kilogram during the same period of the previous year. (Table A)

Comparing from previous month’s year-on-year growth, seven regions showed continuous decline in average farmgate price in April 2022. Moreover, Central Visayas posted a negative annual growth rate during the period, after exhibiting an annual increase in the previous month. (Table 1)

Among the regions, the average farmgate price of palay in BARMM (Bangsamoro Autonomous Region in Muslim Mindanao) registered the highest annual increase during the period at 9.4 percent, while MIMAROPA Region had the biggest annual decline of -7.4 percent. (Table 1)

 

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

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