State of the Rice Sector in the

Philippines

What is the status of the rice industry? Explore and get insights about the trend of the
key performance indicators of rice production, consumption, and market.

Population: 112.9 MILLION (PSA, 2023 est.)
Palay Production (2023)

20.06

million metric tons

Area Harvested (2023)

4.82

million hectares

Yield per Hectare (2023)

4.17

metric tons per hectare

Supply (2022)

18.64

million metric tons

Utilization (2022)

16.79

million metric tons

Profitability Indicator (2022)
Net Returns

P 17,305

Gross Returns

P 71,678

Total Cost

P 54,373

per hectare per cropping season

Imports (2022)

3.86

million metric tons

Exports (2022)

< 1

thousand m. tons

Rice Stock (Mar 2024)
Household

0.69

NFA

0.04

million metric tons

Urea

P 1,618.66

per 50-kg bag

Complete

P 1,604.81

per 50-kg bag

April 1, 2024 to April 5, 2024

per kilogram

Rice Wholesale Prices (2023)
Well-Milled

P 42.13

Regular-Milled

P 38.80

per kilogram

Rice Retail Prices (2023)
Well-Milled

P 47.41

Regular-Milled

P 42.80

per kilogram