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 production estimate downgraded by 0.5% for Q4

by
December 21, 2023
in Stock
0
Palay production estimate downgraded by 0.5% for Q4













PHILIPPINE STAR/EDD GUMBAN

PRODUCTION of palay, or unmilled rice, is expected to come in at 7.32 million metric tons (MT) during the fourth quarter, based on the standing crop as of Nov. 1, according to the Philippine Statistics Authority (PSA).

PSA’s estimates reflect a 0.5% downgrade from the initial 7.35 million MT projected on Oct. 1.

If realized, palay production would drop 1.3% year on year against actual output recorded in the fourth quarter of 2022.

The PSA said that the estimated harvest area for the fourth quarter is expected to decline 1.5% year on year to 1.75 million hectares.

“Based on standing crop for the period October to December 2023, the yield per hectare of palay may improve to 4.17 metric tons or by 2.7%,” it added.

About 1.01 million hectares of the standing crop had been harvested as of Nov. 1, or 57.8% of the land planted to rice.

Production within the harvested area was about 4.35 million MT, it said.

About 7.9% of the crop yet to be harvested was in the vegetative stage, 32.1% in the reproductive stage, and 60.1% in the maturing stage.

Meanwhile, the PSA said corn production is estimated to decline by 2% to 1.94 million MT in the quarter.

The area planted to corn is estimated to decrease 1.9% to 615.98 thousand hectares, while yields are expected to be flat at 3.15 MT per hectare.

The PSA said that about 47.4% or 615.98 thousand hectares of the standing crop has been harvested, producing about 1.01 million MT of corn.

“Of the 323.79 thousand hectares of standing corn yet to be harvested as of Nov. 1, about 1.4% were in the vegetative stage, 43.5% in the reproductive stage, and 55.1% in the maturing stage,” it added. — Adrian H. Halili

CEDadiantiTyClea

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

Farmers call for improved agri data system

Next Post

Chamber backs changes to apprenticeship rules

Next Post
Chamber backs changes to apprenticeship rules

Chamber backs changes to apprenticeship rules

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

    PHL mulls listing, tax hike on e-games

    PHL mulls listing, tax hike on e-games

    July 17, 2025
    142 firms qualify for green energy bidding

    142 firms qualify for green energy bidding

    July 17, 2025
    Marcos appoints ERC chairman

    Marcos appoints ERC chairman

    July 17, 2025
    Philippines may negotiate US tariffs down to 10% — BMI

    Philippines may negotiate US tariffs down to 10% — BMI

    July 17, 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.