Philippines : Rice stocks rise on surge in commercial inventories
Philippines rice stocks rose 2.2% year-on-year to 2.41 million tonnes in May, driven by a 14.1% increase in commercial inventories despite declines in household and NFA reserves. Corn stocks climbed 24.1% to 832,810 tonnes, supported by higher holdings in both commercial and household sectors.
The country’s total rice inventory expanded in May as private-sector holdings buffered declines in government-run warehouses and household reserves, data from the Philippine Statistics Authority (PSA) showed on Friday, June 5.
Data from the PSA showed that total rice stocks rose 2.2 percent to 2.41 million metric tons as of May 1 from 2.36 million metric tons in the same period last year.
On a monthly basis, rice inventory for the month improved by 1.3 percent from 2.38 million MT in April.
The PSA said 47.8 percent of the May rice stocks were from households, followed by 38 percent from the commercial sector and 14.2 percent from depositories of the National Food Authority (NFA).
The increase in rice stocks was fueled by the commercial sector, which posted a 14.1 percent increase to 916,560 MT in May compared to 803,440 MT in the previous year.
On the other hand, an annual decrease of 14.1 percent was registered in rice inventory in NFA warehouses, dropping to 341,350 MT from 397,210 MT.
Rice stocks in households reached 1.15 million MT, a slight decrease from 1.16 million MT last year, based on PSA data.
“In comparison to the April 2026 rice stocks levels, an increment was noted from the commercial sector by 10.9 percent. Meanwhile, rice stocks inventory from the NFA depositories decreased by 4.3 percent, as well as in the households by 3.6 percent,” the PSA said.
Meanwhile, the country’s total corn inventory as of May 1 rose by 24.1 percent to 832,810 MT from 671,100 MT in the same period last year.
The latest corn inventory level went up by 4.9 percent from April’s inventory level of 794,090 MT.
The PSA said about 81.3 percent of May’s corn stocks were from the commercial sector, while the remaining 18.7 percent were from households.
On an annual basis, corn inventory in the commercial sector posted a year-on-year increase of 19.2 percent to 676,000 MT, higher than 567,020 MT last year.
In addition, household corn stocks went up by 50 percent to 156,810 MT compared to the previous year’s 104,090 MT.
“Relative to the inventory level in April 2026, the volume of corn stocks [increased in the] commercial sector by 5.2 percent and from the households by 3.4 percent,” the PSA said.
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Source : Manila Bulletin
