Q3 2019 Farmgate Price Situationer of Selected Agricultural Commodities in BARMM
The average farmgate price of Cereals decreased by Php5.62 per kilogram between the third quarters of 2018 and 2019.
Rootcrops in BARMM has an average farmgate price of PhP26.28 per kilogram during the third quarter of 2019. This is 27.55 percent higher than that of the third quarter of the previous year.
3. Beans and Legumes
The average farmgate price of Beans and Legumes in the region in the third quarter of 2019 is PhP23.98 per kilogram. This is 27.64 percent lower than the average farmgate price of these commodities in the third quarter of the previous year which is PhP33.14 per kilogram.
Condiments in BARMM has an average farmgate price of PhP159.00 per kilogram during the third quarter of 2019. This is 28.66 percent or PhP35.42 higher than its farmgate price in the third quarter of the previous year.
5. Fruit Vegetables
The average farmgate price per kilogram of Fruit Vegetables in BARMM increased by 6.32 percent or by PhP1.32 in the third quarter of 2019.
6. Leafy Vegetables
The average farmgate price per kilogram of Leafy Vegetables in BARMM increased by 8.83 percent or PhP1.72 in the third quarter of 2019.
Fruits in BARMM posted a 17.98 percent decrease in its average farmgate price during the third quarter of 2019. This is PhP4.50 less than its average farmgate price in the previous year of the same period.
8. Commercial Crops
The average farmgate price per kilogram of Commercial Crops in BARMM increased by 0.60 percent or by PhP0.25 between the third quarters of 2018 and 2019.
9. Livestock and Poultry
Farmgate prices of all Livestock and Poultry commodities in BARMM increased during the third quarter of 2019.
The Farm Prices Survey (FPS) is a nationwide household-based survey designed to generate estimates of farmgate or producers’ prices. It contains information on prices received by producers at the first point of sale.
The outputs of the Farm Prices Survey are used in the periodic valuation of the outputs produced by the agricultural sector. Similarly, these are inputs to the development of price indices to measure the purchasing power of growers of selected agricultural products. Maintenance of farmgate prices will likewise provide needed inputs a) to analyze trends and variations in prices; b) forecasting future supply, demand and prices of agricultural commodities; c) to assist policy makers in the formulation, implementation and administration of economic programs, and d) to guide farmers/raisers in their decision making relative to their agricultural activities geared towards improvement of their profitability.
The survey is conducted during the last 10 days of the month in all the provinces of the country covering days 1 to 30 of the reporting month. Each province has a basket of FPS commodities.
The following activities are undertaken to monitor and sustain quality of data collected for Farm Prices Survey (FPS):