Rice and Corn Stocks Inventory, 01 July 2020

Reference Number: 

2020-209

Release Date: 

Monday, August 17, 2020

RICE

  • The total rice stocks inventory as of 01 July 2020 was recorded at 2,104.76 thousand metric tons. The stocks inventory level was lower by 19.8 percent than the previous year's same period record of 2,625.25 thousand metric tons. Likewise, this was lower by 12.2 percent than the previous month’s inventory level of 2,395.94 thousand metric tons. (Figure 1 and Table 1)
  • Relative to the previous year’s level, rice stocks inventory in the households rose by 6.4 percent. In contrast, stocks from commercial warehouses and NFA depositories declined by 26.5 percent and 56.9 percent, respectively. (Table 1)
  • Rice stocks inventory in the households, commercial warehouses, and NFA depositories declined by 14.5 percent, 9.3 percent, and 10.4 percent, respectively compared with their levels in the previous month. (Table 1)
  • About 51.0 percent of the current rice stocks inventory were contributed by the households, 38.4 percent were from commercial warehouses, and the remaining 10.6 percent were from NFA depositories. (Table 1)

Figure 1 Inventory Rice Stocks July 2019, June 2020 and July 2020

Table 1 Percentage Change Inventory of Rice Stocks July 2019,  June 2020 and July 2020

CORN

  • The total corn stocks was estimated at 741.66 thousand metric tons as of 01 July 2020. This indicates a contraction of 9.9 percent compared with the previous year’s same period level of 822.70 thousand metric tons. Similarly, this was lower by 18.1 percent from the previous month's level of 905.52 thousand metric tons. (Figure 2 and Table 2)
  • Year-on-year, stocks in the households grew by 25.7 percent while stocks in commercial warehouses declined by 12.7 percent. (Table 2)
  • In contrast with the previous month’s level, corn stocks in the households and commercial warehouses recorded decreases of 19.9 percent and 17.9 percent, respectively. (Table 2)
  • Of the current corn stocks level, 89.6 percent were in commercial warehouses and 10.4 percent were in the households. (Table 2)

Figure 2 Inventory Rice Stocks July 2019, June 2020 and July 2020

Table 2 Percentage Change Inventory of Rice Stocks July 2019,  June 2020 and July 2020

 

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, the results of which are submitted to PSA. The NFA stocks are monitored from their warehouses/depositories.

Attachment: 

Tags: