PH’s rice inventory declines by 25%
The country’s rice inventory continuous to fall despite the arrival of imported stocks, based on a data from the Philippine Statistics Authority (PSA).
As of August, the total rice stocks inventory was estimated at 1.52 million metric tons (MT). The volume of stocks was 25.01 percent below the previous year’s level of 2.03 million MT. This was 23.61 percent lower than last month’s inventory of 1.99 million MT.
Relative to the previous year’s rice stocks inventory, a drop of 0.26 percent, 42.51 percent and 6.94 percent were also observed in the households, commercial warehouses and NFA depositories, respectively.
Rice stocks inventory level in both households and commercial warehouses declined by 24.79 percent and 28.77 percent, respectively in comparison to their previous month’s levels.
Rice stocks in NFA depositories as of August, however, improved from the previous month’s inventory level.
About half (49.08 percent) of the total rice stocks inventory were from the households, 44.27 percent from the commercial warehouses, and the remaining 6.65 percent were from NFA depositories.