THE country’s rice stocks inventory continues to drop as of the start of June 2022, reaching 2.220 million metric tons (MMT), a 12.3-percent decrease from last year’s 2.530 MMT, the Philippine Statistics Authority (PSA) said.
In its monthly “Rice and Corn Stocks Inventory” report, the PSA said the current rice stocks inventory also dropped by 2.6 percent compared to its May 2022 inventory level of 2.279 MMT.
Rice stocks inventory in all sectors fell compared with their levels in the previous year. Stocks in the households went down by 7.3 percent to 1.049 MMT in commercial warehouses/wholesalers/retailers by 15.2 percent to 995.23 thousand MT and in NFA depositories by 22 percent to 175.49 thousand MT.
Month on month, rice stocks inventory levels in the households posted a decline of 15.4 percent. However, stocks in commercial warehouses/wholesalers/retailers and NFA depositories grew by 13 percent and 10.5 percent, respectively.
“About 47.3 percent of this month’s total rice stocks inventory were from the households, 44.8 percent from commercial warehouses/wholesalers/retailers and 7.9 percent were from NFA depositories,” PSA said.
In the same report, PSA also said Philippine corn stocks inventory reached 873.48 thousand MT as of the start of June this year. It fell by 9.2 percent from its June 2021 inventory level of 962.07 thousand MT.
On the other hand, corn stocks inventory increased by 12 percent from a month ago’s inventory level of 779.79 thousand MT.
The PSA said stocks in the households and commercial warehouses/wholesalers/retailers diminished by 48 percent to 72.42 thousand MT and 2.7 percent to 801.06 thousand MT, respectively, as compared to their corn stocks inventory levels in June last year.
On a monthly basis, corn stocks in commercial warehouses/wholesalers/retailers grew by 19.1 percent, while stocks inventory in the households fell by 32.5 percent.
“The total corn stocks inventory for the month was comprised of 8.3 percent from the households and 91.7 percent from the commercial warehouses/wholesalers/retailers,” PSA said.
