Rice and Corn Stocks Inventory, February 2022

Reference Number : 2022-129
Release Date : 13 April 2022

RICE

​A total of 1,609.25 thousand metric tons of rice stocks inventory was recorded as of 01 February 2022. This was lower by -26.6 percent compared with the inventory level in the same month of the previous year of 2,193.10 thousand metric tons. (Table 1)

Month-on-month, rice stocks inventory also dropped by -13.5 percent from its level of 1,859.45 thousand metric tons in the previous month. (Figure 1 and Table 1)

Around 54.9 percent of this month's total rice stocks inventory were contributed by the households, 33.9 percent were from commercial warehouses/wholesalers/retailers, and 11.3 percent were from NFA depositories. (Table 1)

Compared with the previous year’s record, rice stocks in the households declined by -25.3 percent. Likewise, stocks in commercial warehouses/wholesalers/retailers and NFA depositories dropped by -23.1 percent and -40.1 percent, respectively. (Table 1)

Month-on-month, stocks inventories in all sectors recorded drawdowns. Household stocks fell by -11.0 percent, stocks in commercial warehouses/wholesalers/retailers by -17.3 percent, and in NFA depositories by -13.0 percent. (Table 1)

Table 1. Percentage Change in the Inventory of Rice Stocks
Philippines, February 2021, January 2022 and February 2022

 

CORN

The total corn stocks inventory as of 01 February 2022 was 472.57 thousand metric tons. It was -21.2 percent lower compared with the February 2021 inventory level of 599.69 thousand metric tons. (Table 2)

Likewise, the total corn stocks inventory was -6.8 percent lower than the previous month's inventory level of 507.15 thousand metric tons. (Figure 2 and Table 2)

Of this month's total corn stocks inventory, 19.9 percent were from the households, while 80.1 percent were from commercial warehouses. (Table 2)

Comparison with last year's corn stocks level showed a drop of -58.0 percent in the household corn stocks. On the other hand, stocks from commercial warehouses/wholesalers/retail increased by 0.8 percent. (Table 2)

With reference to the previous month, corn stocks inventory level in commercial warehouses/wholesalers/retailers diminished by -12.7 percent, while stocks in the households grew by 27.3 percent.(Table 2)

Table 2. Percentage Change in the Inventory of Corn Stocks
Philippines, February 2021, January 2022 and February 2022

 

 

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 government (National Food Authority). The household and commercial stocks are taken from the results of Rice and Corn Stocks Survey: Household (RCSS:H) and Rice and Corn Stocks Survey: Commercial (RCSS:C) of the Philippine Statistics Authority (PSA). The RCSS:H and RCSS:C were formerly known as Palay and Corn Stocks Survey (PCSS) and Commercial Stocks Survey (CSS), accordingly. These surveys were renamed as per PSA Board Resolution No. 02 Series of 2021 on Approving and Adopting the Modifications in the System of Designated Statistics dated 11 May 2021. The renaming of the designated statistical activity, from Palay/Rice and Corn Stocks Surveys to Rice and Corn Stocks Surveys was to provide a generic name for both household and commercial stocks surveys and differentiate the commercial stocks inventory from that in the household sector.

The RCSS:H covers sample farming households and non-farming households nationwide. Sample farming households are sub-sample of Palay Production Survey (PPS) and Corn Production Survey (CPS). In these surveys, the primary sampling units (PSUs) are the palay/corn producing barangays and secondary sampling units (SSUs) are the palay/corn farming households. The PSUs are selected using probability proportional to size sampling while the SSUs are selected through systematic random sampling. For the non-farming households, five non-farming households are selected for each barangay.

The RCSS:C employs a two-stage systematic sampling wherein the first level of stratification is the line of activity of the NFA-registered grains businessmen and the second level of stratification is the businessmen’s capitalization. The line of activity of grains businessmen are stratified into four: 1 - retailers, 2 - wholesalers, 3 - combined retailers/wholesalers, and 4 - warehousemen.  The line of activity is further sub-stratified according to businessmen’ capitalization such as 1 - big, 2 - medium and 3 - small capitalization structure, while warehousemen are sub-stratified into two, that is 1 - big and 2 - combined medium and small.