Rice, corn prices stable during Yolanda

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The Bureau of Agricultural Statistics says prices of rice crops and corn were stable in the week Typhoon Yolanda battered the Visayas region

STABLE. Prices of rice and corn were stable in the week Yolanda wrecked havoc in Visayas. Photo from the International Rice Research Institute

MANILA, Philippines – Farm gate and wholesale prices of palay and corn were stable in the week Typhoon Yolanda (Haiyan) battered the Visayas, according to the Bureau of Agricultural Statistics (BAS).

Farm gate prices of palay and corn were lower during the week of November 6 to 12 compared to the previous week, data released by BAS showed.

Yolanda, one of the world’s strongest typhoon on record, devastated the Visayas region on November 8, wiping out entire towns, killing thousands of people and displacing hundreds of thousands more.

Prices of palay and corn per kilogram from November 6 to 8 were as follows:

  • Farm gate price of palay – P17.33, down by 0.14% from the previous week
  • Farm gate price of yellow corn grain – P11.63, down 0.83% from previous week
  • Farm gate price of white corn – P14.28, down 0.27% from previous week
  • Average wholesale price of well-milled rice – P35.91, down 0.54%
  • Average retail price of well-milled rice – P38.41, down 0.55%
  • Average retail price of regular milled rice – P 35.35 per kilogram, down 0.59% from previous week
  • Average wholesale price of yellow corn – P16.28, up 0.01% from previous week
  • Average retail of yellow corn grain – P19.65, down by 0.79% from previous week

 

The National Food Authority (NFA) earlier said it augmented the supply of rice in Region VIII, which was badly affected by Yolanda.

The agency sourced stocks from other regions. Regions IV, V, VI, VII, X and Caraga gave 3,314, 8,246, 14,664, 9,909, 300 and 7,415 bags, respectively.

The Department of Agriculture (DA) recorded that a total of 137,225 metric tons of rice planted on 81,056 hectares of land were lost due to Yolanda. Only half of the volume may still be recovered.

The DA, however, stressed that the extent of damage to rice lands will not significantly affect the country’s palay production target of more than 20 million MT for 2013. – Rappler.com

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