However, in some areas, prices still fell to as low as P10.71 per kilogram (/kg).
During the first week of November, the average farmgate price of palay increased to P15.41/kg or by 0.4 percent during the period, from its level of P15.35/kg in the previous week.
(MB file, JJ Landingin)
Meanwhile, it declined at an annual rate of 1.3 percent, from its average price of P15.61/kg in the same week of the previous year.
PSA’s weekly farmgate prices of palay report showed that some areas enjoyed prices as high as P20/kg, while the average price settled at P15.41/kg.