Palay production cost falls below P14/kilo

The average palay production cost last year dropped by almost 11 percent on an annual basis to below P14 per kilo, according to the Philippine Statistics Authority (PSA).

- By JASPER EMMANUEL ARCALAS

The PSA reported that the average cost to produce a kilo of palay last year stood at P13.38 per kilo, P1.6 lower than the P14.98 per kilo average in 2022.

The PSA said it recorded the highest production at P18.7 per kilo in Central Visayas while Central Luzon posted the least production cost at P11.6 per kilo.

The average production cost per hectare last year stood at P55,814, slightly higher than the P54,373 per hectare recorded in 2022.

"By region, the highest cost was recorded in Cagayan Valley at P72,255 per hectare. The lowest was reported in BARMM at P41,446 per hectare," the PSA said.