NegOr Jan 2020 Farm Prices

Reference Number: 

2020-SR46-014

Release Date: 

13 May 2020

Negros Oriental January 2020 Farm Prices

 

Lower farm gate prices for cereals versus January 2019

     Comparing average farm gate price of Palay fresh, Corn grain White & Yellow recorded this January 2020 with January 2019, lower price level was noted in the Farm Price Survey (FPS) conducted.

    Palay fresh other variety lowered by 17.55 per cent compared to the same month in 2019. Lower buying price offered by local traders in the province due to ample supply of commercial rice imported thru the Rice Tariffication Act.

 

Table 1. Average farm gate price of selected Cereals January 2020 vs. 2019, Neg. Oriental

(In pesos/kilogram)          

Source: PSA FPS Survey

   

 

NFICC commodities record higher farm gate price except Coconut young and Sugarcane for raw sugar

        

Table 2&3. Average farm gate price of selected NFIC commodities January 2020 vs. 2019, Neg. Oriental

                      (In pesos/kilogram)         

              Source: PSA FPS Survey

 

     Non-food Industrial Commercial Crops (NFICC) posted higher average farm gate price this January 2020 against the same period last year. Of the selected Nficc in the provincial market basket, 66 per cent had their prices at higher level compared to its previous years’ average price. Copra fresh gained Php2.27 per kilo over and above its last years’ price of Php6.44 gaining the highest percentage increase among Nficc commodities of 35.25 per cent as traders buying price improved over the period. Coconut mature followed suit as its pricing is directly affected by the copra price trend. Abaca dried fiber price rose 21.16 per cent higher than last years’ price while Robusta coffee dried beans also jack its price up by Php11.59 over its previous years’ average farm gate price due to lower production and strong demand respectively.

 

         

 

 

Selected Fruit vegetables farm gate reported varied price trends

       

Table 4. Average farm gate price of selected Fruit vegetable commodities Jan. 2020 vs. 2019, Neg. Oriental

  (In pesos/kilogram)       

 Source: PSA FPS Survey

 

     Declining average farm gate price trend was recorded for Chayote, Upo (Gourd), Okra and Ampalaya for the current month. Adequate supply against diminishing demand prompted the negative trend. Ampalya pinned the biggest average price loss of Php7.46 per kilo equivalent to 16.36 per cent decline. Least reduction of 1.78 per cent was recorded for Upo (Gourd) losing only 27 centavos of its last years’ price of Php15.18 per kilo.

       

 

Table 5. Average farm gate price of selected Fruit vegetable commodities Jan. 2020 vs. 2019, Neg. Oriental

                                    (In pesos/kilogram)         

                            Source: PSA FPS Survey

 

    Meanwhile, Cucumber, Eggplant long purple, Tomato and Squash fruit all displayed improving price trend over the month. Rather sharp demand stimulated the positive trend of these commodities average farm gate prices. Cucumber recorded the highest percentage improvement of 74.24 per cent equivalent to Php17.78 per kilo raise in price over the January 2019 price level. Eggplant long purple also added Php12.78 per kilo above its average farm gate price in January 2019 posting the second highest price increment of 48.19 per cent. Squash fruit and Tomato increased its price 14.91 per cent and 10.66 per cent respectively.

Majority of selected temperate vegetables farm gate price escalate

     Limited supply against moderate demand from outside province propelled the average farm gate price of a greater number of temperate vegetables especially those belonging to the Cruciferous vegetable grouping. Cabbage put up the highest advance of 78.88 per cent, improving from Php11.46 per kilo same month last year to Php20.50 per kilo this year. Broccoli posted the second highest price increment of Php71.29 per kilo this month from the Php54.81 per kilo level in January 2019. Cauliflower progressed 4.07 per cent only to settle on Php73.46 per kilo from last years’ average farm gate price of Php70.59 per kilo.

 

Table 5. Average farm gate price of selected temperate vegetable commodities Jan. 2020 vs. 2019, Neg. Oriental

                                    (In pesos/kilogram)         

                           Source: PSA FPS Survey

 

    

    

 

Higher farm gate price of banana reported

      January 2020 farm gate prices of selected banana varieties registered positive growth trend. Comparing this months’ average farm gate price with that recorded in January 2019, Lacatan prices improved 33.88 per cent which is the highest improvement among all varieties. Saba and Cavendish came in second and third with price increment of 28.97 per cent and 24.21 per cent respectively.

    Bungulan improved by a measly 0.18 centavos over last years’ price of Php10.28 per kilo. The province official table banana which is Latudan appreciated Php1.05 per kilo over last years’ average farm gate price of Php12.32 per kilo. Higher demand from outside province and less inflow from outside province triggered the higher pricing this month.

 

Table 6 Average farm gate price of Bananas Jan. 2020 vs. 2019, Negros

                 (In pesos/kilogram)         

            Source: PSA FPS Survey

 

    

  

 

    Higher average farm gate price for mango carabao variety and Calamansi was also noted due to lesser inflow from outside province and low local production. Pineapple Hawaiian, lost Php3.63 per kilo from its January 2019 price level of Php24.62 because of inflow of same commodities from Negros Occidental and increasing local production. Highest price increase of Php15.83 per kilo was accorded to Mango Carabao on top of its farm gate price of Php61.90 per kilo last January 2019. 

     

 

Table 7. Average farm gate price of selected Fruits Jan. 2020 vs. 2019, Negros

                                                                                                                                            (In pesos/kilogram)         

            Source: PSA FPS Survey

 

Higher farmgate price of majority of selected root crops

     More than 85 per cent of selected root crops monitored in the provincial market basket of the Farm Prices Survey put up an increasing farm gate price trend for the month of January 2020 as compared with the same month in 2019. Higher demand of these commodities over the period sparked the upswing drift of prices.

    Most affected by the demand, Ginger Hawaiian put up the highest price upsurge of 77.07 per cent to establish its current average farm gate price of Php56.98 per kilo from that of last years’ Php32.18 per kilo, an increase of Php24.80 per kilo. Least price improvement was that of Cassava tuber for food with only 0.63 centavos increase in average farm gate price this year.

                  Table 8. Average farm gate price of selected Root crops Jan. 2020 vs. 2019, Negros Oriental

                       (In pesos/kilogram)          

            Source: PSA FPS Survey

 

     Radish is the lone commodity in this group that had a negative trend for it average farm gate price compared to the same month in 2019. Attributed to sufficient supply, average farm gate price sank 8.20 per cent to drop at Php15.56 per kilo from last years’ Php16.95 per kilo.

Other commodities improve price trend

      Kangkong leaves average farm gate price gained over the month 27.58 per cent. String beans farm gate price improved from Php31.51 per kilo same month in 2019 to Php33.32 per kilo this year. Onion leaves price surged 66.21 per cent this year from Php37.05 per kilo last January 2019. Bell pepper and Finger pepper also improved its average price 59.04 per cent and 17.91 per cent respectively. Demand for these commodities caused the advancing price trend.

Table 9. Average farm gate price of selected commoditiess Jan. 2020 vs. 2019, Negros Oriental

                               (In pesos/kilogram)         

            Source: PSA FPS Survey

 

Lower average farm gate price for livestock

    Large cattle and four-legged livestock recorded a declining price movement compared to the same month in 2019 due to weaker demand from outside the province. Lesser demand from Manila, Cebu and Leyte of cattle, carabao, hog and goat for slaughter slumped its farm gate price ranging from as low as 0.33 per cent for Goat and as high as 21.26 per cent for Hog. Cattle snip Php7.52 from its 2019 price to sink at Php98.55 per kilo average farm gate price. Carabao also slashed down to Php72.58 per kilo this January 2020 from Php77.31 per kilo last year same month.

 

Table 10. Average farm gate price of selected Livestock and Poultry Jan. 2020 vs. 2019, Negros Oriental

                      (In pesos/kilogram)         

            Source: PSA FPS Survey

 

       

 

   

Table 11. Average farm gate price of selected Commercial Eggs Jan. 2020 vs. 2019, Negros Oriental

                       (In pesos/kilogram)         

            Source: PSA FPS Survey

 

 

 

SGD

ARIEL T. FORTUITO

Chief Statistical Specialist

 

 

 

 

 

 

 

 

 

 

 

 

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