Philippines’ January Grain Prices: Summary

Following is a summary of the Philippines’ January average grain prices from the Bureau of Agricultural Statistics in Manila.

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                      Jan.   Dec.   Nov.   Oct.  Sept.   Aug.   July      Year
                      2012   2011   2011   2011   2011   2011   2011       Ago
==============================================================================
                     -------------------------- YoY% -------------------------
Palay Dry         
 Farm Gate Price      6.5%  10.6%   9.7%   4.7%   3.1%   2.0%   2.9%       n/a
Well Milled Rice  
 Wholesale Price      3.1%   4.3%   4.1%   3.2%   2.4%   1.7%   1.5%       n/a
 Retail Price         2.1%   2.5%   2.3%   1.8%   1.2%   1.2%   0.9%       n/a
Regular Milled Rice
 Wholesale Price      4.1%   5.2%   5.6%   4.6%   3.5%  10.2%   2.2%       n/a
 Retail Price         2.3%   3.1%   2.8%   2.5%   2.0%   1.8%   1.5%       n/a
Yellow Corngrain  
 Farm Gate Price      8.9%   7.7%  12.6%   9.5%   2.4%  -0.6%   0.1%       n/a
==============================================================================
                      Jan.   Dec.   Nov.   Oct.  Sept.   Aug.   July      Year
                      2012   2011   2011   2011   2011   2011   2011       Ago
==============================================================================
                     -------------------------- YoY% -------------------------
 Wholesale Price      4.5%   6.3%  11.8%   6.8%   1.7%  -1.7%  -1.6%       n/a
 Retail Price         6.6%  10.3%  12.3%   6.4%   5.0%   2.8%  -0.7%       n/a
White Corngrain   
 Farm Gate Price     17.2%  25.4%  35.4%  38.8%  31.5%  26.3%  22.5%       n/a
 Wholesale Price      4.0%  15.7%  20.8%  23.2%  17.3%  11.5%  15.3%       n/a
 Retail Price         2.4%   7.4%   9.1%   9.3%  11.6%   8.7%   8.1%       n/a
                     -------------------------- MoM% -------------------------
Palay Dry         
 Farm Gate Price      1.3%   2.4%   1.9%  -3.2%  -1.4%  -0.3%   2.0%       n/a
Well Milled Rice  
 Wholesale Price      0.5%   0.7%   0.2%  -0.3%  -0.1%   0.2%   0.1%       n/a
 Retail Price        -8.4%   0.2%   0.2%  -0.2%  -0.3%   0.3%   0.1%       n/a
Regular Milled Rice
 Wholesale Price      0.5%   0.6%   0.6%  -0.4%  -0.1%   0.4%   0.0%       n/a
 Retail Price         0.4%   0.5%   0.1%  -0.2%  -0.1%   0.4%   0.1%       n/a

==============================================================================
                      Jan.   Dec.   Nov.   Oct.  Sept.   Aug.   July      Year
                      2012   2011   2011   2011   2011   2011   2011       Ago
==============================================================================
                     -------------------------- MoM% -------------------------
Yellow Corngrain  
 Farm Gate Price      5.1%   2.5%   8.9%   8.5%  -1.5%  -3.8%  -2.0%       n/a
 Wholesale Price     -0.3%  -0.4%   4.7%   5.1%   1.2%  -0.5%  -0.5%       n/a
 Retail Price        -0.1%   0.6%   4.4%   1.7%   0.4%   0.4%   1.9%       n/a
White Corngrain   
 Farm Gate Price      2.0%  -2.4%   6.7%   4.9%  -2.0% -10.0%   1.5%       n/a
 Wholesale Price     -3.6%  -3.3%   2.2%   3.2%  -0.7%  -4.4%   4.1%       n/a
 Retail Price         0.3%  -0.4%  -0.3%  -1.4%   0.0%   3.3%   3.9%       n/a
                     ----------------- Avg. Price/Kg. in PHP -----------------
Palay Dry         
 Farm Gate Price     16.12  15.91  15.54  15.25  15.75  15.99  16.04     15.14
Well Milled Rice  
 Wholesale Price     32.53  32.37  32.15  32.08  32.17  32.22  32.18     31.54
 Retail Price        35.07  38.28  34.89  34.81  34.87  34.88  34.78     34.34
Regular Milled Rice
 Wholesale Price     29.74  29.58  29.40  29.22  29.34  29.38  29.26     28.58
==============================================================================
                      Jan.   Dec.   Nov.   Oct.  Sept.   Aug.   July      Year
                      2012   2011   2011   2011   2011   2011   2011       Ago
==============================================================================
                     ----------------- Avg. Price/Kg. in PHP -----------------
 Retail Price        31.67  31.54  31.38  31.37  31.42  31.45  31.34     30.95
Yellow Corngrain  
 Farm Gate Price     13.67  13.01  12.69  11.65  10.74  10.89  11.32     12.55
 Wholesale Price     16.06  16.10  16.17  15.44  14.69  14.52  14.59     15.37
 Retail Price        21.14  21.17  21.05  20.17  19.84  19.80  19.73     19.84
White Corngrain   
 Farm Gate Price     14.52  14.23  14.58  13.67  13.03  13.31  14.78     12.39
 Wholesale Price     16.00  16.59  17.16  16.79  16.27  16.39  17.10     15.38
 Retail Price        19.45  19.40  19.48  19.53  19.80  19.80  19.16     18.99
==============================================================================
Note 1: Latest figures are preliminary. 
Note 2: Previous figures are taken from prior press releases
        and may be revised.

Source: Bureau of Agricultural Statistics

To contact the reporter on this story: Michael J. Munoz in Hong Kong at mjmunoz@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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