RICE

As of 01 February 2024, the country’s total rice stocks inventory was estimated at 1.51 million metric tons. This exhibits an annual decrease of 0.8 percent from the 1.52 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 25.5 percent from the previous month’s inventory of 2.03 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines  
February 2023, January 2024, and February 2024^p

This month’s rice stocks inventory in the commercial sector registered an annual increase of 43.9 percent relative to its level in the same period of 2023. Meanwhile, annual declines of 55.3 percent in NFA depositories and 21.9 percent in the household sector were recorded.

In comparison to the January 2024 rice stocks levels, month-on-month decreases were noted from the households by 31.5 percent, from the commercial establishments by 20.4 percent, and from NFA depositories by 3.7 percent.    

Of this month's total rice stocks, 51.5 percent were from the commercial sector, 45.3 percent were from the households, and 3.1 percent were from the NFA depositories. (Table 1)

Table 1. Level and Percent Change of Rice Stocks by Sector  
Philippines: February 2023, January 2024, and February 2024^p

CORN

As of 01 February 2024, the total corn stocks inventory reached 491.77 thousand metric tons. This indicates an increase of 34.2 percent from the 366.40 thousand metric tons level in the same period of 2023.

Corn stocks inventory exhibited a decrement of 17.7 percent relative to its previous month’s inventory level of 597.62 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines  
February 2023, January 2024, and February 2024^p

From the same month of the previous year’s level, corn stocks inventory in the commercial sector recorded an annual increase of 51.2 percent. On the other hand, corn stocks inventory in the households declined by 31.5 percent.

Relative to the inventory level in January 2024, the volume of corn stocks in the commercial and household sectors registered month-on-month decreases of 18.5 percent and 9.9 percent, respectively.

About 89.5 percent of this month’s total corn stocks inventory were from the commercial sector, while the remaining 10.5 percent were from the households. (Table 2)

Table 2. Level and Percent Change of Corn Stocks by Sector  
Philippines: February 2023, January 2024, and February 2024^p

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