FARMGATE PRICES
The average farmgate price of cereals declined in the fourth quarter of 2019. Palay or paddy rice was sold at the farm at PhP14.32 per kilo, down by PhP4.86 from the PhP19.18 price of the same period last year. Matured corn grain white likewise exhibited price setback of PhP2.43. It was bought from the farmers at 11.22 per kilo on the average. Meanwhile corn grain yellow was traded at PhP11.02 per kilo, PhP3.10 lower compared from PhP14.12 per kilo in the same period of 2018 as shown in Figure 1.
Table 1 shows that Misamis Oriental had the highest farmgate price of palay at PhP15.97 per kilo. while Misamis Occidental farmers received the lowest at PhP13.49 per kilo of palay sold at the farm.
