Rice and Corn Stocks Inventory, August 2024

RICE

As of 01 August 2024,the country's total rice stocks inventory was estimated at 1.87 millionmetric tons. This indicates an annual increase of 14.4 percentfrom the 1.63 millionmetric tons inventory in the same period of the previous year.

Month-on-month, the volume of rice stocks inventory recorded a decrement of 14.2 percentfrom the previous month's inventory of 2.18 millionmetric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines
August 2023, July 2024, and August 2024^p

This month's rice stocks inventories registered annual increases from the NFA depositories by 195.9 percentand from the commercial sector by 23.3 percent.On the other hand, an annual decrease was noted from the households by 13.3 percent.

In comparison to the July 2024rice stocks levels, decrements were noted from the households by 21.9 percent,as well as in the commercial sector by 12.0 percent.Meanwhile, rice stocks inventory from the NFA depositories increased by 2.4 percent.

Of this month's total rice stocks, 62.4 percentwere from the commercial sector, 29.6 percentwere from the households, and 8.1 percentwere from the NFA depositories. (Table 1)

Table 1. Level and Percent Change of Rice Stocks by Sector Philippines:
August 2023, July 2024, and August 2024^p

CORN

As of 01 August 2024,the total corn stocks inventory of the country reached 666.48 thousandmetric tons. This indicates an annual decrease of 17.4 percentfrom the 806.68 thousandmetric tons level in the same period of 2023.

Corn stocks inventory exhibited a month-on-month decrease of 0.6 percentrelative to its previous month's inventory level of 670.40 thousandmetric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines
August 2023, July 2024, and August 2024^p

From the same month of the previous year's level, corn stocks inventory recorded annual decreases from the households by 41.0 percentand from the commercial sector by 15.4 percent.

Relative to the inventory level in July 2024,the volume of corn stocks registered month-on-month decreases from the households by 2.7 percentand from the commercial sector by 0.5 percent.

About 94.6 percentof this month's total corn stocks inventory were from the commercial sector, while the remaining 5.4 percentwere from the households. (Table 2)

Table 2. Level and Percent Change of Corn Stocks by Sector Philippines:
August 2023, July 2024, and August 2024^p

DIVINA GRACIA L. DEL PRADO, PhD
Assistant Secretary
Deputy National Statistician
Sectoral Statistics Office

Related Contents