The average retail price of four fertilizer grades rose by as much as 7.2 percent year-on-year in September, according to the latest data from the Philippine Statistics Authority (PSA).
“Measured from a year ago level, the average dealers’ prices of the four fertilizer grades picked up during the month,” the PSA said in its monthly report titled “Updates on Fertilizer Prices,” released recently.
On a monthly basis, however, all the retail prices of urea, complete fertilizer, ammosul and ammophos declined from the levels recorded in August, figures from the PSA showed.
The average retail price of urea in September rose to P1,131.71 per 50-kilogram bag, 7.2 percent higher than the P1,055.36 per bag recorded a year ago.
“The country’s average monthly dealers price of urea at P1,131.71 per sack in September 2019 was lower by 0.6 percent compared with its previous month’s level of P1,138.03 per sack,” the report read.
“Compared with the previous month’s level, the average dealers’ prices of Urea went down in 10 regions during the month,” it added.
The PSA observed the highest price of urea in the Autonomous Region in Muslim Mindanao (ARMM) at P1,383.33 per bag, while the lowest price was recorded in Ilocos region at P987.50 per bag.
“Measured from a year ago level, prices in all regions, except Ilocos region, were higher this month,” the PSA said.
The average retail price of complete fertilizer in September was pegged at P1,145.91 per bag, according to PSA. The fertilizer cost P1,150.01 per bag in August and P1,115.84 per bag in September 2018.
The PSA said the highest price of complete fertilizer was recorded in ARMM at P1,416.67 per bag, while the lowest was registered in South Cotabato, Cotabato, Sultan Kudarat and Sarangani, plus General Santos City (Soccsksargen) at P1,017.25 per bag.
“On a monthly basis, price decreases were noted in nine regions,” the PSA said. “Prices in all regions exhibited positive annual rates during the month.”
The September average retail price of ammosul was pegged at P628.22 per bag, 3.1 percent higher than the P609.58 per bag average quotation in the same period of 2018. However, the figure was slightly lower than the P630.11 per bag average price level recorded in August.
“Measured from a month ago level, nine regions recorded lower prices in September 2019. Relative to the same month in the previous year, all regions except Calabarzon, registered higher prices during the month,” the report read.
“The lowest price of P547.38 per sack was posted in Soccsksargen. Meanwhile, the highest price of P907.50 per sack was still noted in ARMM,” it added.
The national average retail price of ammophos in September reached P1,000.13 per bag, which was 5.3 percent higher than the average quotation of P950.21 last year.
On a monthly basis, it was slightly lower than its average price of P998.31 per bag in August.
“On a monthly basis, higher prices were posted in eight regions in September 2019,” the PSA said.
“The highest price of P1,250 per
sack was still observed in ARMM, while the lowest price of P915 per sack was
noted in
Cagayan Valley,” it added.
The PSA regularly monitors the prices of four fertilizer grades, which are commonly used by rice planters.
1 comment
Sa Ilagan City. Isabela. Yung 46-0-0 umabot pa ng 1500pesos per 50kgs. At ang 16-20-0 umabot din ng 1500pesos sa retail dapat mabantayan ito ng nangangasiwa sa presto ng fertilizer. Nagkakaroon ng pagsasamantala sa presto ng pataba sa panahon ng taniman.