PSA-BARMM conducts 2nd Level Training on Wholesale Price Surveys
The 2nd Level Training on Wholesale Price Surveys has been successfully conducted on May 8 to 10, 2019 at the RSSO-BARMM Conference Room, Cotabato City. A total of 10 participants composed of OIC-Regional Director Razulden A. Mangelen, Chief SOCD Mahmur H. Sarail, and Chief Statistical Specialists of Basilan Provincial office with his Focal Persons, Maguindanao Provincial Focal Persons and RSSO Staff attended this training.
The said training was facilitated by Ms. Norhayyah A. Tula, Senior Statistical Specialist of RSSO, the Regional Focal Person (RFP) of Wholesale Price Surveys (WPS) together with Ms. Perlicita S. Almedilla, Assistant Statistician of Sectoral Statistics Office - Economic Sector Statistics Service – Price Statistics Division (SSO-ESSS-PSD) as representative from PSA Central office.
The survey on wholesale prices primarily aim to collect wholesale prices at various frequencies at pre-selected major trading centers in the National Capital region (NCR) and in selected provinces of the country. The term “wholesale price” refers to the price of commodity transacted in bulk for further resale or processing. Currently, the Philippine Statistics Authority (PSA) is responsible in the conduct of the Survey of Wholesale Prices for selected Agricultural Commodities. The survey of wholesale prices for agricultural commodities is being conducted to generate estimates of average monthly wholesale prices. The WPS for agricultural commodities aims to monitor prices of the selected agricultural commodities traded in the local/provincial market centers in the country. Primarily, wholesale selling prices for agricultural commodities are used as guide to farmers’ decisions related to the type and volume of agricultural production; and also as guide to policy makers on formulation of policies related to the supply of agricultural commodities in the markets. Agricultural market prices are important determinants of supply and demand levels. They influence decision related to the type and volume of agricultural production activity and provide guidelines for policy formulation and executive action. Wholesale price collection was institutionalized at the then Bureau of Agricultural Economics (BAEcon) with the enactment of RA 4148 (An Act Creating the Office of Agricultural Marketing News Service Under the Bureau of Agricultural Economics, Providing for the Functions and Authorizing the Appropriation of Funds Therefor) in 1964, which created the Agricultural Marketing News Service (AMNEWSS)1. This was launched in 1968, four (4) years after the law was passed. It has since become the regular activity of the then BAEcon and subsequently taken over and sustained by the former Bureau of Agricultural Statistics (BAS).
The operation started with the monitoring of 67 wholesale items, 57 retail items using 10 radio transceivers in 10 provincial trading centers. In 1969, the AMNEWSS coverage was expanded to 21 trading centers in the provinces and 12 markets in NCR. Likewise, the number of commodities covered increased. Price dissemination was enhanced through radio broadcasts, publication in selected print media and distribution of marketing reports to government offices.
The price collection using the AMNEWSS-AGMARIS2 systems were adopted to the WPS for Agricultural Commodities. There are two types of wholesale prices namely, wholesale buying3 and wholesale selling4. The wholesale buying price survey of selected agricultural commodities and the wholesale price monitoring of livestock were discontinued as per Memorandum dated 14 July 2016.
The WPS for agricultural commodities covers the NCR and 57 provinces and selected cities in Areas Outside NCR (AONCR). The survey covers wholesale markets, “bagsakan”5, trading centers, market center, commercial landing centers, consignacion6, warehouses, and bodega. Generally, the criteria in the selection of sample markets for crops are bagsakan area within the province, as recognized by both farmers and traders; site of active trading of substantial quantities of varied commodities; accessible to major cross roads and market infrastructure; and strategically located relative to production areas. For Fishery products, fish landing area within the province that is recognized by both fisher folk and traders; and site of active trading of substantial quantities of various fish species. And for Meat, Poultry and Poultry eggs, site of active trading of substantial quantities of meat and eggs, active slaughter houses in the province and bodega or warehouse for storing eggs. The number and kinds of agricultural commodities covered in this survey vary by province.
1. AMNEWSS is a price monitoring service that aims to address the information needs of a cross-section of information users such as farmers, policy makers and others.
2. AGMARIS (Agricultural Marketing Information System) is a system of collecting, processing, analyzing and disseminating information. It involves the design and implementation of site-specific price monitoring system that parallels the existing marketing system and responds to the information needs of a cross-section of users.
3. WHOLESALE BUYING is the price that traders pay for commodities they buy in bulk from farmers/raisers/fishermen.
4. WHOLESALE SELLING price is the price at which traders or distributors sell their commodities in bulk to other distributors and retailers.
5. BAGSAKAN is an area which serves as drop off point for bulk of agricultural commodities marketed by farmers and traders.
6. CONSIGNACION is a place where fishermen brought their catch, usually at the fish port and other landing center.