Palay and Corn Situationer in Leyte - Q3 (2015-2016)

Reference Number: 

ISSN 17R0837 - 03

Release Date: 

Tuesday, January 31, 2017

 

PALAY AND CORN SITUATIONER IN LEYTE
THIRD QUARTER, 2015 AND 2016

 

Palay Production in Leyte increased by 3.4 percent in Third Quarter of 2016

Leyte is considered as the major producer of palay in Eastern Visayas. It accounted for about 29.2 percent of the region’s production in the third quarter of 2016. The volume of palay production in Leyte increased by 3.4 percent, from 34,124 metric tons during the third quarter of 2015 to 35,269 metric tons during the reference period. 

Majority of produced palay in Leyte are grown in irrigated farms. During the third quarter of 2016, about 85.6 percent of the total palay productions in Leyte are harvested from irrigated farms. Production from this type of ecosystem increased by 1.7 percent, from 29,196 metric tons in third quarter of 2015 to 29,678 metric tons in same period of 2016. Likewise, the volume of production of palay from rainfed farms significantly increased by 13.5 percent posting at 5,591 metric tons in third quarter of 2016 from 4,928 metric tons in the same period of 2015. 

Area Harvested for Palay grew by 1.7 percent in Third Quarter of 2016 

In the third quarter of 2016, area harvested for palay was estimated at 9,154 hectares with 1.7 percent growth from 9,002 hectares in the third quarter of 2015. Irrigated farms usually posted majority of the area harvested. During the quarter in review, it recorded an area harvested of 7,456 hectares or 81.4 percent of the total area harvested for palay in Leyte in the third quarter of 2016. However, a minimal increase (0.2 percent) is observed from 7,438 hectares of area harvested during the same period of 2015. While area harvested from rainfed farms contributes lesser share than irrigated farms, the area harvested increased by 8.6 percent, from 1,564 hectares in third quarter of 2015 to 1,699 hectares during the reference quarter.

Corn Production in Leyte recorded a minimal increase in Third Quarter of 2016 

The total corn production in Leyte exhibited a minimal increase, from 13,920 metric tons in the third quarter of 2015 to 13,921 metric tons in the third quarter of 2016. 

The volume of production of white corn in the province slightly rose to 11,934 metric tons during the quarter in review from 11,841 metric tons in third quarter of 2015, translating a 0.8 percent increase. This type of corn accounted the biggest share in the total corn production of Leyte. Meanwhile, production of yellow corn went down by 4.4 percent posting at 1,987 metric tons during the reference quarter, from 2,079 metric tons in third quarter of 2015. 

Area Harvested for Corn was estimated at 10, 465 hectares in Third Quarter of 2016

Area harvested for corn was estimated at 10,465 hectares in third quarter of 2016, slightly higher from 10,459 hectares in the same period of 2015. Area harvested for yellow corn, which contributed the largest share, posted a minimal increase of 0.9 percent, from 9,117 hectares during the third quarter of 2015 to 9,202 hectares in third quarter of 2016. On the other hand, area harvested for yellow corn slipped by 5.9 percent, from 1,342 hectares in third quarter of 2016 to 1,263 hectares in the same period of 2015. 


WHOLESALE AND RETAIL PRICES OF RICE IN LEYTE,
THIRD QUARTER, 2015 AND 2016 

Wholesale Price per kilogram of Well Milled and Regular Milled Rice peaked at P36.60 and P34.87, respectively during the Third Quarter of 2016 

During the third quarter of 2016, the wholesale price per kilogram of Well Milled Rice in Leyte peaked at P36.60 in September. It recorded an average price of P36.51 for the said quarter. Comparing the wholesale price in the same quarter of 2015, the wholesale price of Well Milled Rice peaked in August 2015 at P36.95 and posted an average price of P35.62 during the said quarter. From July 2015 to September 2016, the highest and the lowest monthly wholesale price of Well Milled Rice was recorded in August 2015 at P36.95 and in February 2016 at P32.02, respectively. 

Meanwhile, wholesale price per kilogram of Regular Milled Rice during the third quarter of 2016 peaked at P34.87 in July. In the third quarter of 2015, its wholesale price peaked in September at P38.75. The average price of Regular Milled Rice in the third quarter of 2016 is lower by 6.9 percent from P35.12 in the same quarter of 2015. From July 2015 to September 2016, the highest and the lowest monthly wholesale price of Regular Milled Rice was recorded in September 2015 at P38.75 and in February 2016 at P28.78, respectively. 

Retail Price of Rice Higher in Third Quarter of 2016 

Average retail price per kilogram of premium rice in the third quarter of 2016 was highest in July 2016 at P54.40. The price decreased by 20 centavos posting at P54.20 per kilogram in August until September 2016. In the same quarter of 2015, the lowest price was noted in July 2015 at P47.28 and the highest was observed in September 2015 at P48.08. From July 2015 to September 2016, it is seen that retail price of premium rice peaked in January 2016 at P54.45 and the least price was in December 2015 at P44.85. 

Average retail price per kilogram of well milled rice in Leyte posted at P43.20 during the third quarter of 2016. The price was sustained from July to December 2016. During the same period of 2015, the highest retail price per kilogram of well milled rice was recorded at P42.94 in August 2015 and lowest at P42.45 in July 2015. From July 2015 to September 2015, it is observed that the highest and lowest retail price of well milled rice was in November 2015 at P47.21 and in December 2015 at P39.60, respectively. 

On the other hand, the average retail price per kilogram of regular milled rice was sustained at P39.80 during the third quarter of 2016. During the same period of 2015, its highest retail price per kilogram was at P38.01 in September 2015 and lowest at P37.51 in July 2015. Retail prices from July 2015 to September 2016 showed that the highest and lowest retail price of regular milled rice was in July to September 2016 at P39.80 and in July 2015 at P37.51, respectively. 

 

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