PH rice inventory good for 69 days – PSA

Rappler.com
PH rice inventory good for 69 days – PSA
As of February, domestic rice and corn inventory levels are both up from last year


MANILA, Philipines ­– Domestic rice stocks remain sufficient for 69 days as of February, the Philippine Statistics Authority (PSA) announced on Friday, March 6.

Stocks in households would be sufficient for 31 days, while those  in commercial warehouses would last for 23 days. The National Food Authority (NFA) has 15 days of rice stocks in its warehouses.

As of February 1, the country’s total rice stock inventory was placed at 2.35 million metric tons (MT), which is 17.2% higher year-on-year but 11.7% lower than the previous month’s inventory of 2.66 million MT.

Around 44.7% of the total rice stock as of February were in households, 32.8% in commercial warehouses, 22.5%  in NFA depositories.

Month-on-month, rice stocks held in households and in commercial warehouses fell by 20.8% and 5.2% respectively. Stocks held in NFA depositories, 96.7% of which is imported, rose by 1.3%.

Year-on-year, stocks in commercial warehouses and in NFA depositories rose by 62.4% and 15.6%, respectively. Household stocks fell by 1.9 %.

The domestic rice stock inventory will receive a boost in March and April with the scheduled arrival of 500,000 MT of rice from Vietnam and Thailand that will be used for buffer stocks during the lean season that starts in July.

The domestic corn stock inventory, meanwhile, stood at 252, 800 MT as of February up by 17.1% year-on-year and 37.4% month-on-month.

Around 66.3% of the total corn stocks were in commercial warehouses while 33.1% were in households. Only 0.6 % were stored in NFA depositories. – Rappler.com

 

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