RICE

As of 01 May 2023, the country’s rice stocks inventory was estimated at 1.88 million metric tons. This exhibits an annual decline of -17.5 percent from its level of 2.28 million metric tons in the same period of the previous year.

On the contrary, the country's total rice stocks inventory recorded a monthly increase of 2.1 percent from the previous month's level of 1.84 million metric tons. (Figure 1 and Table 1)

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

This month’s rice stocks inventory in all sectors registered declines compared with their respective levels from the same period of 2022. Annual decreases were observed at -19.9 percent in household stocks, -10.6 percent in commercial sector, and -37.0 percent in NFA depositories.

Compared with the April 2023 rice stocks levels, increases in rice stocks inventory were noted in both commercial sector and NFA depositories at  8.1 percent and 1.1 percent, respectively. However, rice stocks in household decreased by -2.1 percent from the previous month’s record of 1.02 million metric tons.

Of this month's total rice stocks, 52.8 percent were from the household, 41.9 percent were from the commercial sector, and 5.3 percent were from NFA depositories. (Table 1)

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

CORN

As of 01 May 2023, the total corn stocks inventory reached 668.70 thousand metric tons. This indicates a decline of -14.2 percent from the 779.79 thousand metric tons inventory in the same period of 2022.

Month-on-month, corn stocks inventory grew by 34.6 percent relative to its previous month’s inventory level of 496.74 thousand metric tons. (Figure 2 and Table 2)

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

From the same month of the previous year’s level, corn stocks inventory recorded annual declines in both household and commercial sector at -22.0 percent and -13.0 percent, respectively.

Relative to their levels in April 2023, the volume of corn stocks in the commercial sector was higher by 48.5 percent. However, corn stocks in the household exhibited a month-on-month reduction of -18.6 percent.

The total corn stocks inventory for the month comprised of 12.5 percent from the household and 87.5 percent from the commercial sector. (Table 2)

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

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