PSA RIZAL CEREALS AND ROOT CROPS WHOLESALE PRICES OCTOBER 2022
Release-Date
Reference-Number
2022-81
The Agriculture Marketing Information System is a platform to enhance food market transparency and policy response for food security. This provides monthly update on various commodities that are commonly grown in the province of Rizal. The objectives are to improve the information for analysis and short-term supply and demand forecasts for provincial, regional and national levels; to collect and analyse data for policy making; and to report on critical conditions of food markets. The October 2022 issue presents the latest preliminary results on the average wholesale prices of different agricultural commodities (cereals, root crops, beans and legumes, condiments, fruit vegetables, leafy vegetables, fruits, and fish) and its comparison from the previous month and previous year. Table 1. Average wholesale prices of cereals in Rizal: October 2021, September and October 2022 (in pesos) Most of the registered cereals prices increases compare to their last month prices while Corngrits, Yellow has increased its price from Php 40.00 to Php 42.50 with 6.25 percent change. Relative to the 2021 prices, all of the wholesale prices in cereals decreases Corngrits (Yellow) obtained the highest movement of 51.79 percent increase, from Php 28.00 to Php 42.50. Figure 1. Average wholesale prices of cereals in Rizal: October 2021 and October 2022 (in pesos) In Figure 1 most of the cereal prices decreases compared to last year 2021 Root Crops Radish and sweet potato are the only registered root crop commodities in Rizal for the past 12 months. Table 2. Average wholesale prices of root crops in Rizal: October 2021, September and October 2022 (in pesos) The wholesale price of radish increases by 3.37 percent, from Php 45.35 to Php 46.88 in October 2022 because of lesser supply in the market. Sweet potato also increases its price by 12.94 percent Php 37.78 to 42.67 pesos as compared to last month. Relative to the same period in the previous year, radish and potota increases its price as a result of a lower supply in the market. Figure 2. Average wholesale prices of root crops in Rizal: October 2021 and October 2022 (in pesos) The price of radish and sweet potato increases their price compared to last year prices for the month of October 2021 (as we can see in Figure 2).
