RICE

As of 01 September 2024, the country's total rice stocks inventory was estimated at 1.66 million metric tons. This indicates an annual increase of 6.8 percent from the 1.55 million metric tons inventory in the same period of the previous year.

Month-on-month, the volume of rice stocks inventory recorded a decrement of 11.2 percent from the previous month's inventory of 1.87 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines 
September 2023, August 2024, and September 2024^p

This month's rice stocks inventories registered annual increases from the NFA depositories by 196.7 percent and from the commercial sector by 16.4 percent. On the other hand, an annual decrease was noted from the households by 23.7 percent.

In comparison to the August 2024 rice stocks levels, decrements were noted from the households by 17.0 percent, and from the commercial sector by 9.8 percent. Meanwhile, rice stocks inventory from the NFA depositories increased by 0.3 percent.

Of this month's total rice stocks, 63.3 percent were from the commercial sector, 27.6 percent were from the households, and 9.1 percent were from the NFA depositories. (Table 1)

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

CORN

As of 01 September 2024, the total corn stocks inventory of the country reached 625.12 thousand metric tons. This indicates an annual decrease of 22.1 percent from the 802.57 thousand metric tons inventory in the same period of 2023.

Likewise, corn stocks inventory exhibited a month-on-month decrease of 6.2 percent relative to its previous month's inventory level of 666.48 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines 
September 2023, August 2024, and September 2024^p

From the same month of the previous year's level, corn stocks inventory in September 2024 recorded annual decreases from the households by 47.8 percent and from the commercial sector by 19.9 percent.

Relative to the inventory level in August 2024, the volume of corn stocks registered month-on-month decreases from the households by 8.6 percent and from the commercial sector by 6.1 percent.  

About 94.7 percent of this month's total corn stocks inventory were from the commercial sector, while the remaining 5.3 percent were from the households. (Table 2)

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

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