RICE

As of 01 July 2024, the country’s total rice stocks inventory was estimated at 2.18 million metric tons. This indicates an annual increase of 20.8 percent from 1.80 million metric tons inventory in the same period of the previous year.

Month-on-month, the     volume of rice stocks inventory recorded an increment of 0.7 percent from the previous month’s inventory of 2.16 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines 
July 2023, June 2024, and July 2024^p

This month’s rice stocks inventories registered annual increases from the NFA depositories by 141.9 percent and from the commercial sector by 34.5 percent. On the other hand, an annual decrease was noted from the households by 6.7 percent.

In comparison to the June 2024 rice stocks levels, month-on-month increments were noted from the NFA depositories by 6.5 percent, as well as in the households by 1.4 percent. Meanwhile, rice stocks inventory from the commercial sector decreased by 0.3 percent.

Of this month's total rice stocks, 60.8 percent were from the commercial sector, 32.4 percent were from the households, and 6.8 percent were from the NFA depositories. (Table 1)

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

CORN

As of 01 July 2024, the total corn stocks inventory of the country reached 670.40 thousand metric tons. This indicates an annual decrease of 18.6 percent from 823.76 thousand metric tons level in the same period of 2023.

Corn stocks inventory exhibited a month-on-month decrease of 10.7 percent relative to its previous month’s inventory level of 750.76 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines 
July 2023, June 2024, and July 2024^p

From the same month of the previous year’s level, corn stocks inventory recorded an annual decreases from the households by 36.4 percent and from the commercial sector by 17.3 percent.

Relative to the inventory level in June 2024, the volume of corn stocks registered month-on-month decreases in the households by 22.7 percent and in the commercial sector by 9.9 percent.

About 94.4 percent of this month’s total corn stocks inventory were from the commercial sector, while the remaining 5.6 percent were from the households. (Table 2)

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

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