The average domestic wholesale price of white corn grain in the Philippines was approximately 24.8 Philippine pesos per kilogram in 2023. White corn grain rice has since been promoted as a healthier substitute to rice.

The average domestic retail price of well-milled rice in the Philippines was around 47.41 Philippine pesos per kilogram in 2023. The retail price of palay was highest in 2018 at roughly 47.43 Philippine pesos per kilo. Palay was among the crops with the highest production volume in that year.

Philippines Retail Price: Well Milled Rice: Region 10: Cagayan de Oro City data was reported at 63.590 PHP/kg in 15 Oct 2023. This records a decrease from the previous number of 64.230 PHP/kg for 30 Sep 2023. Philippines Retail Price: Well Milled Rice: Region 10: Cagayan de Oro City data is updated daily, averaging 44.000 PHP/kg from Jan 2021 (Median) to 15 Oct 2023, with 56 observations. The data reached an all-time high of 64.230 PHP/kg in 30 Sep 2023 and a record low of 43.000 PHP/kg in 30 Jan 2021. Philippines Retail Price: Well Milled Rice: Region 10: Cagayan de Oro City data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P003: Retail Price: Selected Agricultural Commodities.

Purpose of the study: To construct a hedonic pricing model based on rice grain quality characteristics.

In 2023, the Philippines produced approximately 20.06 million metric tons of unmilled rice, or palay, marking the highest production volume within the recorded period. Rice consumption in the Philippines The Philippines is among the largest rice consumers globally, with this grain considered a staple food among Filipino households. Rice is a constant companion in most Filipino dishes and is a main ingredient for several snacks and desserts. However, despite domestic production, the Philippines imports large volumes of rice, especially broken and glutinous rice, making it one of the largest rice importers in the Asia-Pacific region after China. Retail price of rice in the Philippines The retail price of regular-milled rice in the Philippines has fluctuated since 2019. Starting at an average of 41.16 Philippine pesos per kilogram in 2019, prices declined over the following years before rising to 42.8 pesos per kilogram in 2023. In contrast, the retail price of well-milled rice remained steady at around 43 pesos per kilogram before sharply increasing to 47.41 pesos per kilogram in that year. Special rice remains the most expensive variety. The price of rice in the Philippines is affected by multiple factors, including global supply and demand, domestic production, and trade policies.

In the 2023/2024 marketing year, rice imports to the Philippines amounted to about 5.4 million metric tons, making it the leading country for rice imports worldwide. China imported about two million metric tons of rice that same year. Total production of milled rice worldwide amounted to almost 532.9 million metric tons in 2024/25. Global grain production Rice is one of the most produced grains in the world, surpassed only by corn and wheat. The worldwide production of corn in 2023/24 is expected to be more than double the production of milled rice, exceeding 1.23 billion metric tons. Though not at the volume of corn, the production of milled rice has generally been increasing each year, reaching a peak of about 513 million metric tons in 2022/23. This is an increase of almost 15 percent compared to 2008/09. Rice Although rice is characterized as a single type of grain, there are actually over 40,000 varieties of rice, classified based on several characteristics such as size, starch content, and milling. Rice is found in many different cultures and cuisines, but China is the clear leader in consumption, followed by India and Bangladesh. Global rice consumption has grown and reached a peak of over 520.4 million metric tons in 2022/23.

Rice is one of the most widely consumed grains in the world. As the most populous country in the world, China also consumes more rice than any other country, with about 145 million metric tons consumed in 2024/2025. Following China, India is ranked second with 121 million metric tons of rice consumed in the same period. Rice production Rice requires very specific conditions in order to flourish. It must be grown in a field flooded with several inches of water, known as a paddy field. Unsurprisingly, China and India also top the list as the biggest producers of rice worldwide. Rice has such a neutral flavor that it can be integrated into almost any kind of dish, paired with virtually any flavor. In China, rice is often steamed and served alongside stir-fried meat and vegetables. Rice varieties Though there are dozens of varieties of rice grown and consumed across globe, the three most prominent types of rice are indica, japonica, and aromatic. The price index of all rice, however, has increased by over 40 points since 2016.