PRODUCTION

The seasonally adjusted palay production for the third quarter of 2018 was 4,680 thousand metric tons. This was 1.39 percent below the 4,746 thousand metric tons output in the second quarter of 2018. From 2011 to 2018, the highest deseasonalized palay output was in 2017 and the lowest was in 2015.

Year on year, this quarter’s performance when deseasonalized was lower by 304 thousand metric tons or 6.10 percent (Table 1).

Figure 1. Quarterly Palay Production, Philippines, 2011-2018

PRICES

The seasonally adjusted farmgate price of palay and wholesale price of rice in the third quarter of 2018 rose by 3.77 percent and 4.81 percent from their respective levels in the second quarter of 2018.

Figure 2. Quarterly Farmgate Prices of Palay, Philippines, 2011-2018

Likewise, retail price of rice was up by 4.45 percent compared to the previous quarter (Tables 1 and 2).

The quarters' deseasonalized farmgate price for palay was above the previous year’s quotation by 14.49 percent. Similarly, the wholesale and retail prices o f rice were higher by 12.26 percent and 11.15 percent, respectively.

Figure 4. Quarterly Retail Prices of Rice, Philippines, 2011-2018

Divina Gracia L. Del Prado
(Director III)
Economic Sector Statistics Service
Office-in-Charge