RICE

As of 01 August 2024, the country’s total rice stocks inventory was estimated at 1.87 million metric tons. This indicates an annual increase of 14.4 percent from the 1.63 million metric 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 percent from the previous month’s inventory of 2.18 million metric 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 percent and 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 2024 rice 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 percent were from the commercial sector, 29.6 percent were from the households, and 8.1 percent were 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 thousand metric tons. This indicates an annual decrease of 17.4 percent from the 806.68 thousand metric tons level in the same period of 2023.

Corn stocks inventory exhibited a month-on-month decrease of 0.6 percent relative to its previous month’s inventory level of 670.40 thousand metric 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 percent and 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 percent and from the commercial sector by 0.5 percent.

About 94.6 percent of this month’s total corn stocks inventory were from the commercial sector, while the remaining 5.4 percent were 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