PRODUCTION

The seasonally adjusted palay production in the third quarter of 2022 was recorded at 5.09 million metric tons. This registered an increase of 2.5 percent or 126.48 thousand metric tons from the previous quarter’s level of 4.96 million metric tons.

Year-on-year, this quarter’s performance when deseasonalized was higher by 0.4 percent from its level of 5.07 million metric tons in the same period of the previous year. (Figure 1 and Table 1)

PRICE

The seasonally adjusted farmgate price of palay in July to September 2022 registered at PhP 17.38 per kilogram, which went up by 3.5 percent relative to the second quarter’s level of PhP 16.79 per kilogram. Compared with the farmgate price in the same period of the previous year, this quarter’s deseasonalized farmgate price was higher by 3.5 percent. (Figure 2 and Table 1)

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