THE country’s total rice stocks in November totaled 2.46 million metric tons (MT), a 24.4-percent increase from the 1.98 million MT in the same period last year, according to data from the Philippine Statistics Authority (PSA).
The agency said rice stocks also rose by 7.9 percent from October’s inventory of 2.28 million MT.
Annual rice stock inventory gains were noted from National Food Authority (NFA) depositories and the commercial sector, recording 135.2-percent and 54.7-percent growth, respectively.
In contrast, rice stocks from the household sector dropped by 11.4 percent.
Compared to October’s rice stocks, the PSA logged increments of 17.2 percent from the commercial sector and 0.3 percent from the household sector.
Rice stocks from NFA depositories lessened by 17.9 percent.
Among the month’s total rice stocks, the commercial sector accounted for 57.6 percent; households, 36.6 percent; and NFA depositories, 5.8 percent.
The country’s corn stocks, meanwhile, added up to 619.16 thousand MT, a 20.6-percent decline from the previous year’s 779.46 thousand MT.
The November inventory also showed a 14.9-percent decrease from October’s 727.84 thousand MT.
Compared to 2023, corn stocks this month also posted annual decreases in the commercial and household sectors, with a decline of 21.3 percent and 14.7 percent, respectively.
Month-on-month decreases were also observed as corn stock inventory levels were reduced by 44.9 percent from households and 7.6 percent from the commercial sector.
The commercial sector contributed 87.3 percent to this month’s total corn stocks, with the remaining 12.7 percent coming from households.
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