Seasonally Adjusted Palay/Rice Production and Prices, July-September 2021

Reference Number : 2021-516
Release Date : 28 December 2021

PRODUCTION

The seasonally adjusted palay production for the third quarter of 2021 was 5,021 thousand metric tons, 4.3 percent above the 4,985 thousand metric tons of the preceding quarter's output. (Table 1)

Year on year, this quarter's performance when deseasonalized was higher by 256 thousand metric tons or 5.2 percent compared to the previous year's level of 4,945 thousand metric tons. (Figure 1 and Table 1)

Figure 1. Quarterly Palay Production, Philippines, 2014-2021

PRICES

The seasonally adjusted farmgate price for palay in the third quarter of 2021 dropped to PhP 16.38 per kilogram or by -2.6 percent from the second quarter's level. Likewise, it was lower by -5.5 percent  than the previous year's record of PhP 17.33 per kilogram . (Figure 2 and Table 1)

Figure 2. Quarterly Farmgate Prices of Palay, Philippines, 2014-2021

In the third quarter of 2021, the recorded wholesale price of rice decreased to PhP 37.41 per kilogram or by -0.4 percent from the second quarter's quotation of PhP 37.57 per kilogram. Likewise, it was lower by -1.7 percent from the previous year's same quarter record of PhP 38.06 per kilogram. (Figure 3 and Table 2)

Figure 3. Quarterly Wholesale Prices of Rice, Philippines, 2014-2021

For this quarter, the seasonally adjusted retail price of rice at PhP 42.36 per kilogram declined by -0.5 percent from the previous quarter's retail price of PhP 42.58 per kilogram. On the other hand, the present quarter's seasonally adjusted retail price displayed an increase of 0.8 percent from the same period of 2020 at PhP 42.04 per kilogram. (Figure 4 and Table 2)

Figure 4. Quarterly Retail Prices of Rice, Philippines, 2014-2021

 

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