Rice output seen lower as harvest area shrinks

Quick Summary:

The country’s unmilled rice output likely fell by more than a fifth in the third quarter, when typhoons and monsoon rains affected production areas, based on the Philippine Statistics Authority’s (PSA) survey of standing crops.

The lean season for rice starts in July and ends in September.“Farmgate prices refer to the prices received by farmers for the sale of their produce at the first point of sale net of the total marketing cost paid by the farmers,” the PSA said.“These prices are determined at the farmgate or first point of sale transactions and are also known as ‘producer prices.

On a monthly basis, the average farmgate price of palay in September declined by 4.3 percent from P23.44 per kilo registered in August.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Hectares September Rice Inventory Last Total Palay Percent Corn Output Stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 21:10:49 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 930 words

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Sentences: 25 lines

Sentence Length: 38 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 23093872

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