PH’s rice inventory in April improve from previous month’s level
Even if it sank year-on-year, the country’s total rice inventory in April at least beat the previous month’s level, slowly making its way to a recovery.
Philippine Statistics Authority (PSA) said that as of April 1, the total rice stocks inventory of the Philippines was estimated at 2.18 million metric tons (MT), 18.42 percent below last year’s inventory level of 2.67 million MT and 28.59 percent higher than the previous month’s record of 1.69 million MT.
Comparisons with last year’s rice stock levels also showed a decrease of 4.50 percent in the households, 12.45 percent in commercial warehouses, and 96.26 percent in NFA depositories.
“Relative to last month’s record, both stocks inventory level in households and in commercial warehouses grew by 25.04 percent and 43.56 percent, respectively. Meanwhile, a drop in stocks level was observed in NFA depositories by 71.89 percent,” PSA said.
Of the current rice stock level, around 63.04 percent were from the households, 36.39 percent from commercial warehouses, and 0.56 percent from NFA depositories. The latter comprised about 79.69 percent of the imported rice.