Rice and Corn Stocks Inventory, October 2019

As of November, 2019

Rice


  • As of 01 October 2019, total rice stocks stood at 2,279.73 thousand metric tons (Figure 1). This was higher by 43.4 percent than the previous year’s record of 1,589.89 thousand metric tons and by 23.7 percent than the preceding month's inventory level of 1,842.37 thousand metric tons (Table 1).
  • Rice stocks in all sectors grew compared with their levels in the previous year. Stocks in the households and commercial warehouses increased by 22.5 percent and 38.2 percent, respectively. Likewise, continuous upsurge was recorded in NFA depositories at 207.3 percent (Table 1).
  • Compared with previous month’s inventory level,  rice stocks in households and commercial warehouses increased by 56.4 percent and 9.6 percent, respectively. However, a 3.6 percent decrease was noted in NFA depositories (Table 1).
  • Of this month’s rice stocks inventory, 46.2 percent were in the households, 36.5 percent were in commercial warehouses, and 17.3 percent in NFA depositories.

Stock Inventory:

Monthly rice and corn stocks inventory are generated from three sectors, namely: household, commercial, and National Food Authority (NFA). The household stocks are taken from the results of Palay and Corn Stocks Survey (PCSS) of the Philippine Statistics Authority (PSA), which covers farming and non-farming households nationwide. The commercial stocks are sourced from registered grains businessmen through the Commercial Stocks Survey (CSS). The CSS is conducted by NFA, the results of which are submitted to PSA. NFA stocks are monitored from their warehouses/depositories.