RICE

• As of 01 October 2020, total rice stocks inventory was 2,647.65 thousand metric tons. This was higher by 16.1 percent from the previous year’s level of 2,279.73 thousand metric tons. Likewise, the rice stocks inventory increased by 45.2 percent from previous month’s record of 1,823.31 thousand metric tons. (Figure 1 and Table 1)
• Rice stocks from households and commercial warehouses increased by 37.8 percent and 15.0 percent in contrast with their respective levels in the preceding year. On the other hand, stocks in NFA depositories showed a decrease of 39.2 percent.
• Relative to the previous month’s level, rice stocks in all sectors showed increments in inventories. In particular, stocks in the households, commercial warehouses, and NFA depositories were up by 70.9 percent, 22.4 percent, and 24.6 percent, respectively.
• Of this latest rice stocks inventory, 54.8 percent were from households, 36.2 percent were from commercial warehouses, and 9.1 percent were from NFA depositories.(Table 1)

Table 1. Percentage Change in Inventory of Rice Stocks, Philippines
October 2019, September 2020, and October 2020

CORN

• The 01 October 2020 total corn stocks inventory of 985.54 thousand metric tons was lower by 10.1 percent than the previous year’s inventory level of 1,095.92 thousand metric tons. However, this was higher by 23.6 percent than the previous month’s level of 797.37 thousand metric tons. (Figure 2 and Table 2)
• In contrast with the previous year’s level, stocks in the households rose by 37.7 percent while stocks in commercial warehouses declined by 28.5 percent.
• This month’s corn stocks inventory levels in both households and commercial warehouses were higher compared with the previous month’s records by 37.7 percent and 14.9 percent, respectively.
• The total corn stocks for 01 October 2020 were comprised of 42.6 percent from households and 57.4 percent from commercial warehouses. (Table 2)

Table 2. Percentage Change in Inventory of Corn Stocks, Philippines
October 2019, September 2020, and October 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 the NFA, the results of which are submitted to PSA. The NFA stocks are monitored from their warehouses/depositories.