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Release Date :
Reference Number :
2017-221
 
RICE
  • The total rice stock inventory as of August 1, 2017 was 2,028.00 thousand metric tons (Figure 1). This was 3.57 percent below the 2,103.16 thousand metric tons level in August 2016 and 13.62 percent lower than the previous month’s inventory level of 2,347.90 thousand metric tons (Table 1).

Figure 1 Inventory Rice Stocks August 2016, July 2017 and August 2017

  • Compared with the previous year, rice stocks in households and in commercial warehouses grew by 7.89 and 88.38 percent, respectively. However, stocks in the NFA depositories dropped by 86.21 percent (Table 1).
  • Compared with the previous month, stocks in the households, in commercial warehouses and in NFA depositories declined by 24.78 percent, 2.26 percent and 29.86 percent, respectively (Table 1).

Table 2 Percentage Change Inventory of Rice Stocks  August 2016, July 2017 and August 2017

  • Of this month’s total rice stock inventory, 36.90 percent were with the households, 57.74 percent were in commercial warehouses, and 5.36 percent were in NFA depositories. The latter comprised 69.00 percent of imported rice. 
  • The total rice inventory for this month would be sufficient for 60 days. Stocks in the households would be enough for 22 days, those in commercial warehouses for 34 days, and those in NFA depositories for 3 days. 
CORN
  • As of August 1, 2017, the total corn stock inventory was 696.46 thousand metric tons (Figure 2). This was 106.92 percent higher than the previous year’s record of 336.58 thousand metric tons but 1.88 percent below the previous month’s level of 683.62 thousand metric tons (Table 2).

Figure 2 Inventory Rice Stocks August 2016, July 2017 and August 2017

  • Corn stocks in all sectors increased compared with their levels the previous year. Stocks in the households grew by 42.40 percent, in commercial warehouses by 118.81 percent, and in NFA depositories by 55,711.11 percent (Table 2).
  • Month-on-month, corn stocks in the households increased by 28.80 percent. On the other hand, commercial warehouses and in NFA depositories decreased by 0.87 percent, and 9.36 percent, respectively (Table 2).

Table 1 Percentage Change Inventory of Rice Stocks  August 2016, July 2017 and August 2017

  • Around 87.29 percent of this month’s total corn stock inventory were in commercial warehouses, 11.99 percent were with the households, and 0.72 percent in NFA depositories.
 
Technical Notes
 
Monthly rice and corn stocks inventory are generated from three sectors, namely: household, commercial, and National Food Authority (NFA). The household stocks are taken from the Palay and Corn Stocks Survey (PCSS1) of the PSA, which covers farming and non-farming households nationwide. The commercial stocks are sourced from registered grains businessmen through the Commercial Stocks Survey (CSS), conducted by the NFA, the results of which are submitted to PSA. NFA stocks are monitored from their warehouses/depositories.
 
 
 
ROMEO S. RECIDE
Assistant Secretary
Deputy National Statistician
Sectoral Statistics Office
 

 

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