PH corn stocks down
Corn stocks in all sectors dropped compared with their levels last year, the Philippines Statistics Authority (PSA) reported.
According to PSA, total corn stock inventory in July reached 215,920 metric tons, lower than July 2015 record of 275,400 MT.
Stocks in the households decreased by 8.47 percent, in commercial wearhoses by 24.47 percent, and in NFA depositories by 64.31 percent.
The PSA said that 77.82 percent of total corn stock inventory in July was in commercial warehouses, 22.02 percent was with the households and 0.16 percent in NFA depositories.
Corn inventory in NFA warehouses reached 35,000 MT, commercial warehouses accounted for 168,040 MT, while corn in households amounted to 47,540 MT.