PH’s rice inventory down in June
Philippine Statistics Authority (PSA) said the total rice stock inventory in June was estimated at 2.36 million metric tons (MT), which was lower by 8.24 percent from previous year’s level of 2.5 million MT.
Moreover, this is 18.85 percent below the previous month’s stocks level of 2.9 million MT.
Compared to last year’s inventory level, households’ stocks displayed an increment of 1.47 percent. However, both in commercial warehouses and NFA depositories declined by 1.92 percent and 98.99 percent, respectively.
Of this month’s inventory level, stocks in all sectors were lower than the last month’s level.
Stocks in households, commercial warehouses and NFA depositories showed decrements of 21.20 percent, 16.65 percent and 40.29 percent, respectively.
As of June’s total rice stocks inventory, 46.39 percent were from the households, 53.52 percent from commercial warehouses, and 0.09 percent from NFA depositories. imported rice.