5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Palay output growth estimated at 1.6% in three months to June

by
August 6, 2023
in Stock
0
Palay output growth estimated at 1.6% in three months to June













PRODUCTION of palay, or unmilled rice, in the second quarter was estimated to have risen 1.6% year on year during the second quarter, the Philippine Statistics Authority (PSA) said.

The PSA estimate for palay volume was 4.27 million metric tons (MT), higher than the actual output of 4.20 million MT a year earlier. The estimate was based on the standing crop as of June 1.

The new projection is 0.2% lower than the initial forecast of 4.28 million MT issued on April 1.

In the three months to June, the harvest area for the quarter is estimated to have increased by 0.8% year on year to 961.14 thousand hectares. If realized, yield per hectare will grow 0.7% to 4.44 MT.

“As of June 1, 2023, about 840.51 thousand hectares or 87.4% of the 961.14 thousand hectares updated harvest area of standing crop have been harvested with recorded palay output of 3.76 million metric tons,” the PSA said.

Of the standing palay yet to be harvested, 96.9% were at the maturing stage, while 3.1% were at the reproductive stage.

The PSA also reported that corn production is estimated to have declined 0.5% to 1.48 million MT, based on the standing crop as of June 1.

The new estimate was 0.3% higher than the 1.47 million MT issued on April 1.

The PSA cut its harvest area estimate by 2.6% to 408.89 thousand hectares, while the assumed yield per hectare is estimated to have risen by 2.3% to 3.61 MT.

“As of June 1, 2023, the updated area harvested for corn was 323.92 thousand hectares or 79.2% of the 408.89 thousand hectares updated area of standing crop with reported corn production of 1.25 million metric tons,” the PSA said.

Of the standing crop, 86.5% were at the maturing stage, while 13.5% were at the reproductive stage. — Sheldeen Joy Talavera

Neil Banzuelo

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

Toyota Land Cruiser 250 presented to the world

Next Post

Two measures of global economic and corporate health flash red

Next Post
Two measures of global economic and corporate health flash red

Two measures of global economic and corporate health flash red

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Gov’t open to seasonal tariffs for rice

    Gov’t open to seasonal tariffs for rice

    May 13, 2025
    Meralco power rates down in May

    Meralco power rates down in May

    May 13, 2025
    Business groups call on new lawmakers to pass key measures

    Business groups call on new lawmakers to pass key measures

    May 13, 2025
    Ayala Corp. posts P12.6-B Q1 profit as power, telco segments weaken

    Ayala Corp. posts P12.6-B Q1 profit as power, telco segments weaken

    May 13, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.