RICE

• Rice stocks inventory as of 01 December 2020 was at 2,766.40 thousand metric tons. This was a decline of -10.7 percent from the previous year's level of 3,098.01 thousand metric tons and a decrease of-12.4 percent compared with the previous month's level of 3,158.54 thousand metric tons. (Figure 1 and Table 1)
• Year-on-year, rice stocks inventory in households increased by 0.7 percent. In contrast, decreases of -21.3 percent and -26.6 percent in rice stocks were noted in commercial warehouses and NFA depositories, respectively.
• Meanwhile, all sectors recorded decrements in rice stocks compared with the previous month's levels. Rice stocks inventory in households, commercial warehouses, and NFA depositories contracted by -10.5 percent, -17.5 percent, and -8.5 percent, respectively.
• The total  rice  stocks  as  of  01  December  2020  was  comprised  of 58.5 percent from households, 28.7 percent from commercial warehouses, and 12.8 percent from NFA depositories. (Table 1)

Table 1. Percentage Change in Inventory of Rice Stocks, Philippines
December 2019, November 2020, and December 2020

CORN

• As of 01 December 2020, the total corn stocks inventory was estimated at 960.95 thousand metric tons. This was higher by 20.9 percent than the previous year's inventory of 794.87 thousand metric tons. However, this was lower by -6.0 percent from last month's inventory of 1,021.95 thousand metric tons. (Figure 1 and Table 2)
• Relative to the previous year's level, corn stocks in the households rose by 93.1 percent, whereas stocks in commercial warehouses was lower by -0.6 percent.
• Compared with the previous month's level, corn stocks in the households increased by 1.6 percent while stocks in commercial warehouses decreased by -9.9 percent.
• Of this month's total corn stocks, 36.6 percent were from households and 63.4 percent were from commercial warehouses. (Table 2)

Table 1. Percentage Change in Inventory of Corn Stocks, Philippines
December 2019, November 2020, and December 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.