THE average farmgate prices of palay (unmilled rice) was recorded at P19.16 per kilo during the fifth week of May, a sustained increase of 6.4 percent from its level of P18 per kilo in the same period in 2019, the Philippine Statistics Authority (PSA) said.

In its weekly Palay, Rice and Corn Prices report, the PSA said the farmgate buying price of palay rose by 0.2 percent from the previous week’s P19.12 per kilo.

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