RICE

As of 01 May 2024, the country’s total rice stocks inventory was estimated at 2.08 million metric tons. This indicates an annual increase of 10.3 percent from 1.88 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 11.8 percent from the previous month’s inventory of 1.86 million metric tons. (Figure 1 and Table 1)

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

This month’s rice stocks inventories registered an annual increase from the commercial sector by 45.0 percent. On the other hand, annual decreases were noted from the NFA depositories by 30.7 percent and from the households by 13.1 percent.

In comparison to the April 2024 rice stocks levels, month-on-month increments were noted from the NFA depositories by 66.9 percent, as well as in the commercial sector by On the other hand, rice stocks inventory from the households decreased by 

Of this month's total rice stocks, 55.0 percent were from the commercial sector, 41.6 percent were from the households, and 3.3 percent were from the NFA depositories. (Table 1)

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

CORN

As of 01 May 2024, the total corn stocks inventory of the country reached 710.72 thousand metric tons. This indicates an annual increase of 6.3 percent from 668.70 thousand metric tons level in the same period of 2023.

Corn stocks inventory exhibited a month-on-month increase of 18.0 percent relative to its previous month’s inventory level of 602.14 thousand metric tons. (Figure 2 and Table 2)

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

From the same month of the previous year’s level, corn stocks inventory in the commercial sector recorded an annual increase of 11.7 percent. On the other hand, corn stocks inventory in the households declined by 31.8 percent.

Relative to the inventory level in April 2024, the volume of corn stocks in the commercial sector registered a month-on-month increase of 28.1 percent. Meanwhile, corn stocks inventory in the households exhibited a decrease of 37.8 percent.

About 92.0 percent of this month’s total corn stocks inventory were from the commercial sector, while the remaining 8.0 percent were from the households. (Table 2)

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

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