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Seasonally Adjusted Palay/Rice Production and Prices, October to December 2022

Release Date:
Reference Number: 2023-SSO-011

PRODUCTION

The deseasonalized palay production in the fourth quarter of 2022 at 4.87 million metric tons was down by -4.1 percent compared with the third quarter 2022 output of 5.08 million metric tons.

Compared to the same period last year, this quarter’s output when deseasonalized was lower by -1.0 percent or by 51.6 thousand metric tons(Figure 1 and Table 1)

 

Figure 1. Quarterly Palay Production, Philippines: 2014-2022

PRICE

In the fourth quarter of 2022, the seasonally adjusted farmgate price of palay was at PhP 18.18 per kilogram with an increase of 4.1 percent from the preceding quarter, and an increase of 6.4 percent from the same quarter of the previous year’s level of PhP 17.09 per kilogram(Figure 2 and Table 1)

 

Figure 2. Quarterly Average Farmgate Prices of Palay, Philippines: 2014-2022

 

 

DIVINA GRACIA L. DEL PRADO, Ph.D.
(Assistant National Statistician)
Officer-in-Charge, Deputy National Statistician
Sectoral Statistics Office