RICE

As of 01 December 2024, the country's total rice stocks inventory was estimated at 2.55 million metric tons. This indicates an annual increase of 34.5 percent from the 1.90 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 3.6 percent from the previous month's inventory of 2.46 million metric tons. (Figure 1 and Table 1)

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

This month's rice stocks inventory registered annual increases from the NFA depositories by 152.1 percent and from the commercial sector by 77.1 percent. On the other hand, an annual decrease was noted from the households stocks by 9.0 percent.

In comparison to the November 2024 rice stocks levels, increments were noted from the commercial sector by 6.3 percent, and in the NFA depositories by 1.7 percent. Meanwhile, rice stocks inventory from the households decreased by 0.4 percent.

Of this month's total rice stocks, 59.1 percent were from the commercial sector, 35.2 percent were from the households, and 5.6 percent were from the NFA depositories.  (Table 1)

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

CORN

As of 01 December 2024, the total corn stocks inventory of the country reached 551.45 thousand metric tons. This indicates an annual decrease of 19.6 percent from the 685.89 thousand metric tons inventory in the same period of 2023.

Corn stocks inventory as of 01 December 2024 exhibited a month-on-month decrease of 10.9 percent relative to its previous month's inventory level of 619.16 thousand metric tons. (Figure 2 and Table 2) 
 

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

From the same month of the previous year's level, corn stocks inventory recorded annual decreases from the households by 43.0 percent and from the commercial sector by 14.7 percent.

Relative to the inventory level in November 2024, decreases in the volume of corn stocks were noted from the households by 14.4 percent and from the commercial sector by 10.4 percent.  

About 87.8 percent of this month's total corn stocks inventory were from the commercial sector, while the remaining 12.2 percent were from the households. (Table 2) 
 

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

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