PH’s rice and corn stocks inventory falls
Philippine Statistics Authority said that the country’s rice and corn stocks inventory fell in September amid the onslaught of Typhoon Ompong.
As for rice, the total stock inventory as of September was 1.2 million metric tons (MT), which was 17.91 percent below the previous year’s level of 1.4 million MT and 23.19 percent lower than last month’s inventory level of 1.5 million MT.
Compared to the previous year, rice stocks in National Food Authority (NFA) depositories increased by 69.52 percent.
However, stocks in households and commercial warehouses decreased by 11.44 percent and 33.64 percent, respectively.
For corn, the total stocks inventory was 531,000 MT. This was 62.66 percent lower than the last year’s record of 531,000 MT.
Likewise, corn stocks inventory for the period was down by 56.54 percent from the previous month’s stock level.
Year-on-year, corn stocks inventory in the households and commercial warehouses decreased by 14.35 percent and 68.61 percent, respectively. There were no corn stocks in NFA depositories as of September 2018.