PRODUCTION

The seasonally adjusted palay production for July-September 2015 at 3.87 million metric tons was lower by 14.13 percent from the 4.51 million metric tons output in the second quarter.

Except Bicol Region, all regions reported reductions in output due to contraction in harvest areas and decrease in yield. These were attributed to unrealized plantings as a result of delayed and inadequate irrigation water, late occurrence of rains and some areas left in-fallow. Typhoons “Egay” and “Ineng” caused damages in the production areas of CAR, Cagayan Valley and Western Visayas. There were also reports of damages to palay farms due to army worms and stemborer infestation in the province of North Cotabato.

Figure 1. Quarterly Palay Production, Philippines, 2009-2015

Year on year, this quarter’s performance when deseasonalized was down by 12.58 percent or 557 thousand metric tons

Figure 2. Quarterly Farmgate Prices of Palay, Philippines, 2009-2015

PRICES

The seasonally adjusted farmgate price of palay and wholesale and retail prices of rice for the third quarter of 2015 were down by 0.50 percent, 2.28 percent, and 1.25 percent, respectively, from their second quarter 2015 levels.

Figure 3. Quarterly Wholesale Prices of Rice, Philippines, 2009-2015

This quarter’s deseasonalized farmgate price of palay, retail and wholesale prices of rice decreased by 13.97 percent, 6.92 percent and 5.12 percent from their respective price quotations compared with the same period last year.

Figure 4. Quarterly Retail Prices of Rice, Philippines, 2009-2015