Seasonally Adjusted Rice Production and Prices, April-June 2017

Reference Number : 2017-186
Release Date : 15 August 2017

PRODUCTION

The seasonally adjusted palay production for April-June 2017 was 4. 78 million metric tons, slightly higher by 0.55 percent from the 4. 75 million metric tons output in the first quarter of 2017 (Table 1).

The increment in production was due to higher yield attributed to the usage of high yielding varieties (HYVs) from the Department of Agriculture (DA) through the local government units (LGUs), sufficient water supply and good weather condition during the cropping period. These were noted in most of the regions except for CALABARZON, Eastern Visayas, Caraga and ARMM.

Figure 1. Quarterly Palay Production, Philippines, 2011-2017

Figure 1. Quarterly Palay Production, Philippines, 2011-2017

Year on year, this quarter's performance when deseasonalized was up by 11.74 percent or 502 thousand metric tons (Table 1).

Figure 2. Quarterly Farmgate Prices of Palay, Philippines, 2011-2017

Figure 2. Quarterly Farmgate Prices of Palay, Philippines, 2011-2017

PRICES
 

The seasonally adjusted farmgate and retail palay/rice prices for the second quarter of 2017 improved by 1.89 percent and 0.26 percent, while wholesale price for rice decreased by 0.85 percent from their respective levels in the first quarter of 2017 (Tables 1 & 2).

Figure 3. Quarterly Wholesale Prices of Rice, Philippines, 2011-2017

Figure 3. Quarterly Wholesale Prices of Rice, Philippines, 2011-2017

This quarter's deseasonalized farmgate, wholesale and retail prices of palay/rice were more than previous year's quotation (Tables 1 and 2) by 4.94 percent, 1.21 percent, and 4.56 percent, respectively.

Figure 4. Quarterly Retail Prices of Rice, Philippines, 2011-2017

DULCE A. REGALA
(Assistant Natio I Statistician, ESSS)
Officer-in-Charge