Philippines’ rice inventory falls as of June
Philippine Statistics Authority (PSA) said that the country’s total rice stocks inventory as of June was recorded at 2.59 million metric tons (MT), which was down by 11.8 percent from previous month’s stocks level of 2.94 million MT.
However, this was an increase of 10.1 percent from the previous year’s level of 2.36 million MT.
This, as rice stocks inventory level in the households and commercial warehouses were both down by 4.2 percent (1.09 million in June 2018 to 1.04 million MT in June 2019) and 21.0 percent (1.26 million MT to 998.23 MT), respectively.
Stocks in National Food Authority (NFA) depositories, however, increased by 26,444.2 percent (2,080 MT to 551.06 MT).
Compared with their levels a month ago, decrements were noted in all sectors. Stocks in the households, commercial warehouses and NFA depositories were lower by 17.1 percent, 11.2 percent and 1.3 percent, respectively.
Of this month’s total rice stocks inventory, 40.4 percent came from the households and 38.4 percent were from commercial warehouses.
The NFA depositories contributed 21.2 percent of the total rice stocks inventory, comprising 66.5 percent of imported rice for the reference period.