The Philippine Statistics Authority (PSA) confirmed that retail and farmgate prices of rice surged in September 2023.
The PSA released statistical tables Friday showing that the average farmgate prices of palay in the Philippines in September 2023 climbed 16.6 percent in September to P19.90 per kilogram from 17.06 in the same month last year. It was also higher by 10.2 percent from P17.06 in August.Meanwhile, the PSA reported that at the national level, a kilogram of regular milled rice retailed at 48.14 during the first phase of September 2023 .
It also observed an increment of 16.8 percent in the average retail price per kilogram of regular milled rice from P41.23 per kilogram in the first phase of August 2023 .
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