PRODUCTION

In the second quarter of 2020, the seasonally adjusted palay production increased by 7.1 percent  quarter-on-quarter. Production was up to 4,834 thousand metric tons, from 4,512 million metric tons in the first quarter of 2020. (Table 1)

Compared with the production in the same period of previous year, this quarter’s   deseasonalized  production   was   higher   by   6.9   percent. (Figure 1 and Table 1)

Figure 1. Quarterly Palay Production, Philippines, 2014-2020

PRICES

For  this  quarter,  the  deseasonalized  farmgate  price  of  palay  at PhP 18.45 per kilogram went up by 13.2 percent from the first quarter’s price of PhP 16.30 per kilogram. This was also higher by 2.7 percent than the previous year’s record of PhP 17.97 per kilogram. (Figure 2 and Table 1)

Figure 2. Quarterly Farmgate Prices of Rice, Philippines, 2014-2020

The  registered wholesale price of rice for this quarter  increased to PhP 39.04 per kilogram or by 4.1 percent from the first quarter’s quotation of PhP 37.51 per kilogram. On the other hand, it went down by 0.8 percent from the previous year’s same quarter record of PhP 39.35 per kilogram. (Figure 2 and Table 2)

Figure 3. Quarterly Wholesale Prices of Rice, Philippines, 2014-2020

The retail price of rice at  PhP 42.79  for  this  quarter went up by 3.4 percent from its level in the previous quarter. However, this was lower by 1.9 percent than the previous year’s same quarter record of PhP 43.63 per kilogram. (Figure 4 and Table 2)

Figure 4. Quarterly Retail Prices of Rice, Philippines, 2014-2020

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