THE WHOLESALE PRICE of rice increased in February, according to preliminary data from the Philippine Statistics Authority (PSA).
The PSA said the national average wholesale price of well-milled rice increased 4.2% year on year in February to P47.72 per kilo.
The biggest increase in the well-milled rice wholesale price was logged in the Caraga region, where it rose 15.7% year on year to P53.14 per kilo.
Wholesale prices of well-milled rice in the National Capital Region rose 15.5% from a year earlier to P53.95 per kilo.
The average wholesale price of regular-milled rice in February rose 0.7% year on year to P41.60 per kilo.
Central Luzon posted the biggest increase in the wholesale price of regular-milled rice, with the regional average rising 12.4% year on year to P44.92 per kilo.
Premium and special rice also posted wholesale price declines, with their national averages rising 6% and 4.9%, respectively.
Meanwhile, the national average wholesale price of yellow corn grains in February fell 5.9% year on year to P19.70 per kilo. The corresponding price for white corn grains rose 54.1% to P26.77 per kilo.
The wholesale price of yellow corn grits in February rose 7.7% year on year to P31.82 per kilo, while the price of white corn grits increased 36.7% to P38.67 per kilo. — Vonn Andrei E. Villamiel
Wholesale rice prices higher in Feb.
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