RETAIL price of rice in Davao City remained steady since the last week of December 2019 but a downtrend is observed on the gate price of dry palay.
Retail prices in Bangkerohan Public Market as of January 20 ranged from P34 to P38 per kilogram (kg) for regular milled rice (RMR), P36 per kg to P43 per kg for well-milled rice (WMR), P45 per kg to P50 per kg for special rice, and P45 per kg to P47 per kg for premium rice.
Based on the data from the Philippine Statistics Authority (PSA) as of December 25 to 31, the range of retail prices was unchanged.
The lowest retail price of RMR within this period is at P33 per kg while the highest was P38 per kg.
Retail prices for WMR were between P38 per kg to P43 per kg. The prices for special rice ranged from P53 per kg to P60 per kg and P42 per kg to P48 per kg for premium rice.
PSA also noted the wholesale prices for RMR at P29 per kg to P34 per kg; WMR was at P33 per kg to P37 per kg; and premium rice at P37 per kg to P41 per kg.
However, the farmgate price of dry palay in the city is at P13.38 per kg. In the last week of December 2019, farmgate was at P12.10 per kg to P14.24 per kg.
Davao City also has the lowest prevailing buying price of palay compared to Davao de Oro (P15.10 per kg), Davao del Norte (P16.50 per kg), and Davao del Sur (P17.50 per kg). The average price of dry palay in the region in this period is at P15.10 per kg.