RICE

As of 01 November 2023, the country’s total rice stocks inventory was estimated at 1.98 million metric tons. This exhibits an annual decrease of 25.3 percent from the 2.65 million metric tons level in the same period of the previous year.

Month-on-month, the volume of rice stocks inventory recorded an increase of 6.4 percent from the previous month’s inventory level of 1.86 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines  
November 2022, October 2023^r, and November 2023  

This month’s rice stocks inventories in all sectors registered annual declines of 50.0 percent in NFA depositories, 31.8 percent in the household sector, and 13.2 percent in the commercial sector relative to their corresponding levels in the same period of 2022.

In comparison to the October 2023 rice stocks levels, month-on-month increases were noted in rice stocks inventories in the NFA depositories by 36.1 percent, household sector by 10.8 percent, and in the commercial sector by 0.5 percent.

Of this month's total rice stocks, 51.4 percent were from the households, 45.5 percent were from the commercial sector, and 3.0 percent were from   NFA depositories. (Table 1)

Table 1. Level and Percent Change of Rice Stocks by Sector  
Philippines: November 2022, October 2023^r, and November 2023  

CORN

As of 01 November 2023, the total corn stocks inventory reached 779.46 thousand metric tons. This indicates an increase of 29.1 percent from the 603.67 thousand metric tons level in the same period of 2022.

Month-on-month, corn stocks inventory exhibited a decrement of 8.7 percent relative to its previous month’s inventory level of 853.66 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines  
November 2022, October 2023^r, and November 2023  

From the same month of the previous year’s level, corn stocks inventory in the commercial sector recorded an annual increase of 38.6 percent, while an annual decline of 14.4 percent was observed in the household sector.

Relative to the inventory level in October 2023, the volume of corn stocks in the household sector registered a month-on-month decrease of 26.7 percent. Likewise, corn stocks in the commercial sector dropped by 5.6 percent.

About 88.2 percent of this month’s total corn stocks inventory were from the commercial sector, while the remaining 11.8 percent were from the households. (Table 2)

Table 2. Level and Percent Change of Corn Stocks by Sector  
Philippines: November 2022, October 2023^r, and November 2023  

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

See more at the Rice and Corn Stocks Inventory landing page