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Palay farmgate price falls 28.9% in May
Business World Philippines
|June 16, 2025
THE farmgate price of palay (unmilled rice) fell 28.9% year on year in May to an average of P17.75 per kilogram, the Philippine Statistics Authority (PSA) reported.
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Month on month, the palay farmgate price fell 1.6% in May from P18.04 in April, the PSA said.
The May decline widened from the 26.9% year-on-year retreat in April.
In May 2024, the farmgate price had averaged P24.95.
The declining prices of palay at the farmgate level may further discourage farmers from farming, which should concern the government, according to Samahang Industriya ng Agrikultura (SINAG) spokesman Jayson H. Cainglet.
"Our biggest worry is that farmers are further discouraged from planting rice," he said via Viber.
Dit verhaal komt uit de June 16, 2025-editie van Business World Philippines.
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