RICE

As of 01 January 2023, the total rice stocks inventory was estimated at 1.77 million metric tons. Relative to the same period of the previous year's inventory level of 1.86 million metric tons, a decline of about -5.1 percent was recorded.

The total rice stocks inventory as of 01 January 2023 recorded a decrease of -30.3 percent from the previous month's record of 2.53 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines
January 2022, December 2022, and January 2023

Rice stocks in the households grew by 7.6 percent as of 01 January 2023, with reference to the January 2022 stocks inventory level. However, both stocks in commercial sector and NFA depositories registered declines of -11.5 percent and -44.8 percent, respectively.

This month's rice stock levels in all sectors diminished compared with the previous month's reports. Stocks levels in the households and commercial sector exhibited double-digit month-on-month declines of -27.7 percent and -37.4 percent, respectively. Moreover, rice stocks in NFA depositories contracted by -8.3 percent.

Of the stocks level as of 01 January 2023, 60.4 percent were from the households, 33.1 percent from the commercial sector, and 6.5 percent from the NFA depositories. (Table 1)

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

CORN

The total corn stocks inventory was estimated at 252.99 thousand metric tons as of 01 January 2023. This indicates a decrease of -50.1 percent compared with the previous year's same period level of 507.15 thousand metric tons.

As of 01 January 2023, the corn stocks inventory recorded a decrement of -44.3 percent from the previous month's level of 454.03 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines
January 2022, December 2022, and January 2023

Compared with their respective levels in the previous year, corn stocks in the households increased by 6.6 percent, while stocks from the commercial sector exhibited a reduction of -59.8 percent.

In comparison with the previous month’s inventory level, this month’s corn stocks recorded a decrement of -0.1 percent in the households. Likewise, stocks in the commercial sector registered a decline of -53.6 percent.

The total corn stocks as of 01 January 2023 was comprised of 31.2 percent from the households and 68.8 percent from commercial sector. (Table 2)

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

DIVINA GRACIA L. DEL PRADO, Ph.D.
(Assistant National Statistician)
Officer-in-Charge, Deputy National Statistician
Sectoral Statistics Office