RICE

As of 01 November 2024, the country's total rice stocks inventory was estimated at 2.46 million metric tons. This indicates an annual increase of 24.4 percent from the 1.98 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 7.9 percent from the previous month's inventory of 2.28 million metric tons. (Figure 1 and Table 1)

Figure 1. Inventory of Rice Stocks, Philippines 
November 2023, October 2024^r, and November 2024^p

This month's rice stocks inventories registered annual increases from the NFA depositories by 135.2 percent and from the commercial sector by 57.4 percent. On the other hand, an annual decrease was noted from the household sector by 11.4 percent.

In comparison to the October 2024 rice stocks levels, increments were noted from the commercial sector by 17.2 percent and in the households by 0.3 percent. Meanwhile, rice stocks inventory from the NFA depositories decreased by 17.9 percent.

Of this month's total rice stocks, 57.6 percent were from the commercial sector, 36.6 percent were from the households, and 5.8 percent were from the NFA depositories.  (Table 1)

Table 1. Level and Percent Change of Rice Stocks by Sector  
Philippines: November 2023, October 2024^r, and November 2024^p

CORN

As of 01 November 2024, the total corn stocks inventory of the country reached 619.16 thousand metric tons. This indicates an annual decrease of 20.6 percent from the 779.46 thousand metric tons inventory in the same period of 2023.

Corn stocks inventory exhibited a month-on-month decrease of 14.9 percent relative to its previous month's inventory level of 727.84 thousand metric tons. (Figure 2 and Table 2)

Figure 2. Inventory of Corn Stocks, Philippines 
November 2023, October 2024^r, and November 2024^p

From the same month of the previous year's level, corn stocks inventory recorded annual decreases from the commercial sector by 21.3 percent and from the households by 14.7 percent.

Relative to the inventory level in October 2024, decreases in the volume of corn stocks were noted from the households by 44.9 percent and from the commercial sector by 7.6 percent.  

About 87.3 percent of this month's total corn stocks inventory were from the commercial sector, while the remaining 12.7 percent were from the households. (Table 2)

Table 2. Level and Percent Change of Corn Stocks by Sector  
Philippines: November 2023, October 2024^r, and November 2024^p

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