Rice and Corn Stocks Inventory, 01 January 2021

Reference Number: 

2021-085

Release Date: 

Tuesday, February 16, 2021

RIC

  • As of 01 January 2021, the rice stocks inventory was recorded at 2,332.00 thousand metric tons. This was lower by -12.8 percent in comparison with the previous year's level of 2,675.04 thousand metric tons. Likewise, rice stocks dropped by -15.7 percent over the previous month's level of 2,766.40 thousand metric tons. (Figure 1 and Table 1)
  • Year-on-year, rice stocks in household rose by 7.6 percent. However, rice stocks in commercial warehouses and NFA depositories both contracted by -27.5 percent and -32.8 percent, respectively.
  • The rice stocks inventory in all sectors declined compared with the previous month's levels. Decrements were noted at -20.3 percent in households, -13.2 percent in commercial warehouses, and -0.1 percent in NFA depositories.
  • The total rice stocks inventory level during the month was comprised of 55.3 percent in households, 29.6 percent in commercial warehouses, and 15.1 percent in NFA depositories. (Table 1)

Figure 1 Inventory Rice Stocks January 2020, December 2020 and January 2021

CORN

  • The total corn stocks inventory as of 01 January 2021 was estimated at 914.07 thousand metric tons. This month's stocks was higher by 12.6 percent than the previous year's level of 812.00 thousand metric tons. On the contrary, this was lower by -4.9 percent from the previous month's level of 960.95 thousand metric tons. (Table 2 and Figure 2)
  • Corn stocks in household and commercial warehouses recorded increases of 37.7 percent and 3.8 percent, respectively, in contrast with the previous year's levels.
  • Relative to the previous month's levels, corn stocks in households contracted by -17.9 percent, while stocks in commercial warehouses increased by 2.6 percent.
  • The total corn stocks during the month was comprised of 31.6 percent from households and 68.4 percent from commercial warehouses. (Table 2)

 

 

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

 

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 results of Palay and Corn Stocks Survey (PCSS) of the Philippine Statistics Authority (PSA), which covers farming and non-farming households nationwide. The commercial stocks are sourced from registered grains businessmen through the Commercial Stocks Survey (CSS). The CSS is conducted by NFA, and the results of which are submitted to PSA. The NFA stocks are monitored from their warehouses/depositories.

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