Rice and Corn Stocks Inventory, 01 September 2020

Reference Number : 2020-321
Release Date : 20 October 2020

RICE

  • The total rice stocks inventory as of 01 September 2020 was recorded at 1,823.31 thousand metric tons, a contraction of 1.0 percent from the 1,842.37 thousand metric tons level in same period of the previous year. In contrast, this rose by 2.1 percent from the previous month's inventory level of 1,786.25 thousand metrics tons. (Figure 1 and Table 1).
  • Compared with the previous year's record, rice stocks inventory in the households and commercial warehouses grew by 26.0 percent and 3.0 percent, respectively. However, rice stocks inventory in NFA depositories dropped by 53.0 percent.
  • With reference to the previous month's inventory level, rice stocks inventory in the households and NFA depositories declined by 0.5 percent and 5.6 percent, respectively. Nevertheless, stocks in commercial warehouses grew by 7.2 percent.
  • The total  rice  stocks  comprised  of  46.5  percent  from  households, 42.9 percent from commercial warehouses, and 10.6 percent from NFA depositories. (Table 1)

Figure 1 Inventory Rice Stocks September 2019, August 2020 and September  2020

Table 1. Percentage Change in Inventory of Rice Stocks, Philippines
September 2019, August 2020, and September 2020

 

CORN

  • As of 01 September 2020, the total corn stocks inventory was estimated at 797.37 thousand metric tons. This was higher by 3.7 percent than the previous year's inventory of 768.66 thousand metric tons. Likewise, this was higher  by  8.9  percent  than  the  previous  month's  inventory  level  of 732.18 thousand metric tons. (Figure 2 and Table 2)
  • Relative to the previous year's levels, corn stocks inventory in the household increased by 43.0 percent, whereas stocks in commercial warehouses decreased by 11.4 percent.
  • Against the previous month's records, corn stocks in the household grew by 216.2 percent, while stocks in the commercial warehouses dropped by 22.6 percent.
  • Of the total corn stocks, 38.3 percent came from households and 61.7 percent were from commercial warehouses. (Table 2)

Figure 2 Inventory Rice Stocks September 2019, August 2020 and September  2020

Table 2. Percentage Change in Inventory of Corn Stocks, Philippines
September 2019, August 2020, and September 2020

 

 

 

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

 

Technical Notes

 

Monthly rice and corn stocks inventory are generated from three sectors, namely: household, commercial, and National Food Authority (NFA). The household stocks are taken from the results of Palay and Corn Stocks Survey (PCSS) of the Philippine Statistics Authority (PSA), which covers farming and non-farming households nationwide. The commercial stocks are sourced from registered grains businessmen through the Commercial Stocks Survey (CSS). The CSS is conducted by NFA, the results of which are submitted to PSA. The NFA stocks are monitored from their warehouses/depositories.