Last April 13, the Philippine Statistics Authority said the average farmgate palay price in February was P17.72 per kilogram.
Last year, the Federation of Free Farmers even said that in some provinces, like Pangasinan, Tarlac, and Occidental Mindoro, palay was bought for only P12 to P15 per kilogram This was one of the reasons that he was distressed, saying that he almost had nothing left for his family: “What we have now is only enough until the next harvest”.This, as production cost rose while the farmgate palay price fell in some regions. “The cost of farm inputs is high, especially because we rely on diesel for the water pump for the whole cropping season,” he said.Last year, the PSA said that in 2020, the average production cost was P47,089 per hectare—dry season and wet season .
In February, the Department of Energy said the year-to-date hikes for fuel stood at a net of P10.20 per liter of diesel, P7.95 per liter of gasoline, and P9.10 per liter of kerosene. Last March, the Fertilizer and Pesticide Authority said the cost of fertilizers has seen an increase since late 2021 because of rising global demand.
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