<ul data-eligibleForWebStory="false"><li>The average farmgate price of palay (unmilled rice) dropped by 31.8% year on year in June to P16.99 per kilo, according to the Philippine Statistics Authority.</li><li>Month on month, the average palay farmgate price decreased by 4.3% compared to May.</li><li>No rice-producing region in the Philippines saw a year-on-year increase in average farmgate prices in June.</li><li>The Department of Agriculture is contemplating establishing a floor price for palay after noting traders purchasing palay at low prices in certain areas.</li></ul>

Palay average farmgate price falls 31.8% in June

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