PHL rice stocks up 4.12% in October–PSA

11.11.2016
The country’s rice inventory as of October 1 reached 2.29 million metric tons (MMT), 4.12 percent higher than the 2.20 MMT recorded a year ago, according to the latest data from the Philippine Statistics Authority (PSA).
 
In its monthly report, titled “Rice and Corn Stocks Inventory,” the PSA said the October figure was 28.77 percent higher than September’s inventory level of 1.78 MMT.
 
“The total rice inventory for this month would be sufficient for 67 days,” the PSA report read.
 
“Stocks in the households would be enough for 29 days, those in commercial warehouses for 23 days and those in NFA depositories for 15 days,” it added.
 
Of the rice inventory as of October 1, the PSA said 43.33 percent were with the households, 34.46 percent in commercial warehouses and 22.21 percent in NFA depositories. Majority, or 77.49 percent, of NFA stocks consisted of imported rice.
 
PSA data showed that NFA stocks during the period reached 507.93 metric tons (MT), while commercial warehouses accounted for 787,910 MT. Rice in households reached 990,730 MT.
 
“Compared with last year, rice stocks in the households and in commercial warehouses increased by 27.43 percent and 18.30 percent, respectively. On the other hand, stocks in NFA depositories decreased by 32.52 percent,” the report read.
 
On a monthly basis, rice stocks in households and commercial warehouses were higher compared with those in September. The PSA said stocks in the households expanded 27.43 percent, while commercial warehouses grew by 18.30 percent.
 
“Stocks in NFA depositories decreased by 32.52 percent,” the report read.
 
The PSA data also showed that the country’s corn inventory in October grew by more than a quarter, or 29.26 percent, to 543,850 MT, compared to 420,740 MT recorded a year ago. The October corn-stock inventory is 42.91 percent higher than the September inventory level of 380,570 MT.
 
“Year-on-year, corn stocks in the households and in commercial warehouses increased by 61.53 percent and 4.90 percent, respectively. However, stocks in NFA depositories decreased by 75.35 percent,” the report read.
 
The PSA said 54.16 percent of total corn-stock inventory in October were in commercial warehouses, while 45.79 percent were held by households.
 
Corn in commercial warehouses reached 236,100 MT, stocks in households accounted for 144,440 MT of the total inventory, while corn stored in NFA warehouses amounted to only 30 MT.
 
“This month’s corn stocks in all sectors grew compared with their levels last month. Stocks in the households increased by 104.01 percent, in commercial warehouses by 5.44 percent and in NFA depositories by 681.25 percent,” the PSA said.
 
 

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