RICE

The total rice stocks inventory as of 01 June 2023 was estimated at 1.82 million metric tons. This indicates an annual decline of -18.1 percent from the 2.22 million metric tons level in the same period of 2022.

Month-on-month, the volume of rice stocks inventory recorded a decrease of -3.4 percent from the previous month's inventory level of 1.88 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines  
June 2022, May 2023, and June 2023  

In comparison to the same period of the previous year, annual decrements were noted in the rice stocks inventories as 01 June 2023 in the NFA depositories by -51.5 percent, in the household sector by -15.7 percent, and in the commercial sector by -14.8 percent.

Relative to the previous month’s inventory level, rice stocks in the  NFA depositories and household sector registered a monthly decrease of -15.0 percent and -11.0 percent, respectively. On the other hand, a month-on-month increment of 7.6 percent was noted in the rice stocks from commercial sector.

As of 01 June 2023, about 48.7 percent of the total rice stocks were from the households, 46.6 percent were from the commercial sector, and 4.7 percent were from NFA depositories. (Table 1)

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

CORN

The country’s total corn stocks inventory for this month was recorded at 886.46 thousand metric tons. This represents an increment of 1.5 percent from the 873.48 thousand metric tons level in the same period of 2022.

Compared with the previous month’s corn stocks inventory level of 668.70 thousand metric tons, corn stocks as of 01 June 2023 registered an increase of 32.6 percent. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines  
June 2022, May 2023, and June 2023  

Relative to the corn stocks in the same month of the previous year, corn inventory in the household sector increased by 30.5 percent, while corn stocks from commercial sector recorded an annual decline of -1.1 percent.

Compared with the previous month’s inventory level, corn stocks from commercial and household sectors as of 01 June 2023 exhibited monthly growth of 35.4 percent and 12.9 percent, respectively.

Of the total corn stocks inventory for this month, 89.3 percent came from the commercial sector, while 10.7 percent from the household. (Table 2)

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

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