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The Philippines’ rice inventory dropped by 3 percent to an estimated 1.37 million metric tons as of March 1, compared to 1.41 million metric tons inventory in the same period of the previous year.
As of March 1, rice stocks in the National Food Authority depositories and household sector registered annual decreases of 59.9 percent and 14.4 percent to 41,290 MT and 694,620 MT, respectively. However, commercial stocks increased by 27.5 percent to 630,290 MT from 778,890 MT in the same period of 2023.
Statistics showed that 50.8 percent of total rice stocks February were from the households, 46.1 percent were from the commercial sector, and only 3 percent were from the NFA depositories.On the other hand, March 1 figures showed that the total corn inventory of the country reached 546,890 MT, 55.4 percent higher from the 352,040 MT during the same period in 2023.
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