The average farm-gate price of dry unhusked rice fell to a six-year low in the fifth week of August, according to the latest data released by the Philippine Statistics Authority (PSA).
The average farm-gate price of dry unhusked rice fell to a six-year low in the fifth week of August, according to the latest data released by the Philippine Statistics Authority (PSA).
Data released by the PSA showed palay prices declined by 27.4 percent to P16.68 per kilogram, from P22.98 per kg recorded in the same period last year. Local planters do not usually harvest rice from July to September.
The latest gate figure is the lowest since the fifth week of May 2013, when dry palay farm-gate averaged P16.71 per kg.
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