Farmgate prices in Cordillera decline

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BAGUIO CITY – The Cordillera office of the Philippine Statistics Authority (PSA-CAR) stated that the quarterly adjusted farmgate price of palay and other dry varieties for the second quarter of last year went down by 2.36 percent of P17.71 per kilogram from its level of P1.8.18 per kilogram during the second quarter of the previous year.

The conduct of farm price survey (FPs) is one of the regular monthly activities of the PSA designed to gather data on farmgate or producer’s prices received by farmers for crops, livestock, and poultry raisers for the sale of their produce, at the first point, excluding transportation and delivery cost.

The general purpose of the FPS is to gather reliable price information at the farm level and in the same way, the survey intends to develop sets of price indices and measures the purchasing power of growers of selected agricultural products, know the reasons of the increasing and decreasing of prices, and provide data for studying seasonal trends and price fluctuations.

On the other hand, the regions’ price of yellow corn went up by 11.6 percent to P12.56 per kilogram from P11.29 per kilogram from the same period.

Further, livestock and poultry farmgate prices were higher in the second quarter of 2021 compared to the second quarter of 2020 where the highest price increment is the hogs for slaughter due to high traders’ demand which reached P116.55 per kilogram prior to increasing to 190.28 per kilogram.

The PSA-CAR noted that some of the prices of leafy vegetables were higher in the second quarter of 2021 than in the same period the previous year where ampalaya recorded the highest price increase from P34.24 per kilogram to P55.64 per kilogram.

According to the report, cabbage recorded the highest price decrease P21.21 per kilogram to P10.60 per kilogram.

Moreover, most of the average prices of fruits and vegetables went down in the second quarter of 2021 compared to the same period the previous year where cucumber had the highest price reduction from P18.14 per kilogram the previous year to P13.56 per kilogram during the second quarter of last year.

In contrast, the price of squash soared to P13.68 from P4.24 per kilogram while there was a cut back on the prices of fruits and tubers for the second quarter of 2021 compared to the previous year. The price of white potato had the biggest decline from P39.13 per kilogram to P13.34 per kilogram.

The average farmgate prices of beans and legumes also increase during the survey period where the commodity with the highest price increment was mongo with an increase of 21.30 percent from P72.19 per kilogram to P87.59 per kilogram.

Most of the prices of banana went down, except for saba that went up a bit from P19.66 per kilogram to P28.88 per kilogram There was also an increase in the price of strawberry from P102.43 per kilogram to P119.33 per kilogram

Both native and Hawaiian ginger were the almost affected by the price reduction where Hawaiian ginger went down from P131.51 per kilogram to P87.00 per kilogram and native ginger from P106.71 to P65.43 per kilogram Onion leaks increased from P16.14 per kilogram to P38.07 per kilogram.

The PSA-CAR claimed that almost all of the farmgate prices of commercial crops declined during the survey period except for Robusta coffee dry beans where the same rose to P133.39 per kilogram from P125.86 per kilogram

The PSA-CAR stipulated that the rest of the commercial crops recorded price reduction during the second quarter of 2021 compared to the previous year.

The average prices of flowers in the region increased during the second quarter of 2021 due to high traders’ and consumers’ demand where roses and chrysanthemum reported high increase on their prices while anthurium had a minimal price increase from P49.87 per kilogram to P52.07.