PH rice inventory improves year-on-year
The country’s total rice stocks inventory as of January was 2.55 million metric tons (MT), an increase of 11.40 percent from the previous year’s inventory level of 2.28 million MT, a data from Philippine Statistics Authority (PSA) showed.
However, the inventory was 6.23 percent lower compared with the preceding month’s inventory level of 2.72 million MT.
Compared with previous year’s record, rice stocks in the households declined by 5.88 percent, while stocks in National Food Authority (NFA) depositories dropped by 8.37 percent. Of these stocks, 63.24 percent were imported rice.
Stocks in commercial warehouses, on the other hand, increased by 40.59 percent.
Rice stocks level in the households and NFA depositories also declined by 18.40 percent and 4.14 percent, respectively, from their levels in the previous month. On the other hand, stocks in commercial warehouses increased by 10.65 percent.
Of this month’s total rice stock, 48.91 percent were in the households, 47.25 percent were in commercial warehouses and 3.84 percent in NFA depositories.