PRODUCTION

The seasonally adjusted palay production for the third quarter of 2021 was 5,021 thousand metric tons, 4.3 percent above the 4,985 thousand metric tons of the preceding quarter's output. (Table 1)

Year on year, this quarter's performance when deseasonalized was higher by 256 thousand metric tons or 5.2 percent compared to the previous year's level of 4,945 thousand metric tons. (Figure 1 and Table 1)

PRICES

The seasonally adjusted farmgate price for palay in the third quarter of 2021 dropped to PhP 16.38 per kilogram or by -2.6 percent from the second quarter's level. Likewise, it was lower by -5.5 percent  than the previous year's record of PhP 17.33 per kilogram . (Figure 2 and Table 1)

In the third quarter of 2021, the recorded wholesale price of rice decreased to PhP 37.41 per kilogram or by -0.4 percent from the second quarter's quotation of PhP 37.57 per kilogram. Likewise, it was lower by -1.7 percent from the previous year's same quarter record of PhP 38.06 per kilogram. (Figure 3 and Table 2)

For this quarter, the seasonally adjusted retail price of rice at PhP 42.36 per kilogram declined by -0.5 percent from the previous quarter's retail price of PhP 42.58 per kilogram. On the other hand, the present quarter's seasonally adjusted retail price displayed an increase of 0.8 percent from the same period of 2020 at PhP 42.04 per kilogram. (Figure 4 and Table 2)

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General