RICE

As of 01 December 2023, the country's total rice stocks inventory was estimated at 1.90 million metric tons. This exhibits an annual decrease of 25.2 percent from the 2.53 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 4.2 percent from the previous month's inventory of 1.98 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines
December 2022, November 2023, and December 2023^p

This month's rice stocks inventories in all sectors registered annual declines of 54.4 percent in NFA depositories, 33.2 percent in the household sector, and 8.7 percent in the commercial sector relative to their corresponding levels in the same period of 2022.

In comparison to the November 2023 rice stocks levels, month-on-month decreases were noted in rice stocks inventories in the commercial sector by 5.5 percent, NFA depositories by 5.1 percent, and in the household sector by 3.0 percent.

Of this month's total rice stocks, 52.1 percent were from the households, 44.9 percent were from the commercial sector, and 3.0 percent were from NFA depositories. (Table 1)

Table 1. Level and Percent Change of Rice Stocks by Sector
Philippines: December 2022, November 2023, and December 2023^p

CORN

As of 01 December 2023, the total corn stocks inventory reached 685.89 thousand metric tons. This indicates an increase of 51.1 percent from the 454.03 thousand metric tons level in the same period of 2022.

Month-on-month, corn stocks inventory exhibited a decrement of 12.0 percent relative to its previous month's inventory level of 779.46 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines
December 2022, November 2023, and December 2023^p

From the same month of the previous year's level, corn stocks inventories in the commercial and household sectors recorded annual increases of 51.4 percent and 49.4 percent, respectively.

Relative to the inventory level in November 2023, the volume of corn stocks in the commercial sector registered a month-on-month decrease of 17.4 percent. Meanwhile, corn stocks in the household sector grew by 28.1 percent.

About 82.8 percent of this month's total corn stocks inventory were from the commercial sector, while the remaining 17.2 percent were from the households. (Table 2)

Table 2. Level and Percent Change of Corn Stocks by Sector
Philippines: December 2022, November 2023, and December 2023^p

DIVINA GRACIA L. DEL PRADO, PhD 
Assistant Secretary 
Deputy National Statistician 
Sectoral Statistics Office

See more at the Rice and Corn Stocks Inventory landing page