PSA - Philippine Statistics Authority

05/10/2024 | Press release | Distributed by Public on 05/09/2024 23:45

Seasonally Adjusted Palay/Rice Production and Prices, January to March 2024

Release Date :
Friday, May 10, 2024
Reference Number :
2024-SSO-071

PRODUCTION

The January to March 2024seasonally adjusted palay production was recorded at 5.23 millionmetric tons. This indicates an increase of 5.0 percentfrom the previous quarter's seasonally adjusted estimate of production at 4.98 millionmetric tons. (Figure 1 and Table 1)

Figure 1. Quarterly Palay Production, Philippines: 2016 - 2024

PRICE

In the first quarter of 2024, the seasonally adjusted farmgate price of palay was observed at PhP 24.06 per kilogram.This represents an increase of 6.7 percentfrom PhP 22.56 per kilogramrecorded in the previous quarter. (Figure 2 and Table 2)

Figure 2. Quarterly Average Farmgate Prices of Palay, Philippines: 2016 - 2024

DIVINA GRACIA L. DEL PRADO, PhD
Assistant Secretary
Deputy National Statistician
Sectoral Statistics Office