Philippines total rice stocks down 8.3%, data shows
The Philippines’ rice stocks fell 8.3% year-on-year to 2.16 million metric tonnes as of October 1, despite a 13.2% monthly increase. Commercial inventories rose annually by 12.6%, while corn stocks increased 17.7% to 996,810 metric tonnes, according to PSA data.
The country’s total rice stocks fell by 8.3 percent in October compared to the same period last year while corn stocks grew by 17.7 percent, data from the Philippine Statistics Authority (PSA) on Thursday showed.
The country’s total rice stocks was estimated at 2.16 million metric tons (MT) as of Oct. 1, down from the 2.35 million MT of rice stocks recorded in the same period last year.
In comparison with September’s stocks, PSA said that volume of October rice stocks increased by 13.2 percent from 1.91 million metric tons recorded the previous month.
The October rice stocks inventories declined from the A depositories by 38.0 percent and from the households by 15.3 percent. On the other hand, an annual increase was noted from the commercial sector by 12.6 percent.
In comparison to the previous month’s rice stock levels, increments were noted from the commercial sector by 31.7 percent and in the households by 0.3 percent. Meanwhile, rice stocks inventory from the A depositories decreased by 3.2 percent.
Of October’s rice stocks, 49.8 percent were from the commercial sector, 37.3 percent were from the households and 12.9 percent were from the A depositories.
For corn stocks, stocks as of Oct. 1 are at around 996,810 MT. This reflects a 17.7-percent annual increase from the 846,810 MT inventory in the same period last year.
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Source : The Manila Times
