RICE

As of 01 June 2024, the country’s total rice stocks inventory was estimated at 2.16 million metric tons. This indicates an annual increase of 19.0 percent from 1.82 million metric tons inventory in the same period of the previous year.

Month-on-month, the     volume of rice stocks inventory recorded an increment of 4.2 percent from the previous month’s inventory of 2.08 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines 
June 2023, May 2024, and June 2024^p

This month’s rice stocks inventories registered annual increases from the NFA depositories by 62.5 percent and from the commercial sector by 56.7 percent. On the other hand, an annual decrease was noted from the households by 21.3 percent.

In comparison to the May 2024 rice stocks levels, month-on-month increments were noted from the NFA depositories by 99.4 percent, as well as in the commercial sector by 16.3 percent. Meanwhile, rice stocks inventory from the households decreased by 19.4 percent.

Of this month's total rice stocks, 61.4 percent were from the commercial sector, 32.2 percent were from the households, and 6.4 percent were from the NFA depositories. (Table 1)

Table 1. Level and Percent Change of Rice Stocks by Sector, Philippines 
June 2023, May 2024, and June 2024^p

CORN

As of 01 June 2024, the total corn stocks inventory of the country reached 750.76 thousand metric tons. This indicates an annual decrease of 15.3 percent from 886.46 thousand metric tons level in the same period of 2023.

Corn stocks inventory exhibited a month-on-month increase of 5.6 percent relative to its previous month’s inventory level of 710.72 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines 
June 2023, May 2024, and June 2024^p

From the same month of the previous year’s level, corn stocks inventory recorded annual decreases from the households by 49.0 percent and from the commercial sector by 11.3 percent.

Relative to the inventory level in May 2024, the volume of corn stocks in the commercial sector registered a month-on-month increase of 7.5 percent. Meanwhile, corn stocks inventory in the households exhibited a decrease of 15.6 percent.

About 93.6 percent of this month’s total corn stocks inventory were from the commercial sector, while the remaining 6.4 percent were from the households. (Table 2)

Table 2. Level and Percent Change of Corn Stocks by Sector, Philippines 
June 2023, May 2024, and June 2024^p

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