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Download RS4DM - What contributes to palay farmgate price formation

Palay farmgate price is a key consideration in a farmer’s decision to plant: a high price pushes them to cultivate rice in larger areas; a low price could make them plant other crops. Consequently, the rise and fall in farmgate price heavily influences changes in wholesale and retail prices of milled rice, compromising the affordability of rice among consumers. With rice eating up the largest share in food expenditures, it has an inflationary effect that impacts the whole economy. This underscores the importance of understanding the formation of palay prices. Even so, the movements in farmgate prices frequently remain a paradox…