Seasonally Adjusted Palay/Rice Production and Prices, October to December 2023
PRODUCTION
The July to September 2023 seasonally adjusted palay production was recorded at 5.04 million metric tons. This indicates an increment of 0.4 percent from the previous quarter’s seasonally adjusted estimate of production at 5.03 million metric tons. (Figure 1 and Table 1)
PRICE
For the third quarter of 2023, the seasonally adjusted farmgate price of palay was observed at PhP 20.24 per kilogram. This represents an increase of 7.9 percent from the preceding quarter’s price of PhP 18.76 per kilogram. (Figure 2 and Table 2)
DIVINA GRACIA L. DEL PRADO, PhD
Assistant Secretary
Deputy National Statistician
Sectoral Statistics Office