Rice stocks good for 91 days – PSA

MANILA, Philippines - Domestic rice stock inventory remains sufficient for 91 days, the Philippine Statistics Authority (PSA) said.

Stocks held in households would be sufficient for 44 days, those held in commercial warehouses for 26 days while those held in National Food Authority (NFA) depositories would be enough for 21 days.

Around 48.8 percent of total rice stock inventory was held in households, 28.4 percent in commercial warehouses and 22.8 percent in NFA depositories.

The country’s total rice stock inventory as of end-November stood at 3.11 million metric tons (MT), 5.2 percent higher than the stockpile of 2.95 million MT in November 2014 and 41.5 percent higher than last month’s inventory of 2.2 million MT.

Year-on-year, stock levels in NFA depositories increased 64.3 percent but stocks in households and commercial warehouses went down 6.3 percent and 2.3 percent, respectively.

Corn stock inventory, meanwhile, stood at 298,200 MT as of November, up by 24.5 percent year-on-year but 29.1 percent lower month-on-month.

Of November’s total corn stock inventory, 63.6 percent were in commercial warehouses, 36 percent were with households, and 0.4 percent were in NFA depositories.

Year-on-year, corn stocks in commercial warehouses went up 47.2 percent while stocks in households and in NFA depositories fell 1.4 percent and 37.5 percent, respectively.