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PHL rice inventory declines 26.2% at start of October

THE rice inventory on Oct. 1 fell 26.2% year on year to 1.95 million metric tons (MT), according to the Philippine Statistics Authority (PSA).

The PSA said in its rice inventory report that all holders of stock saw their holdings decline across the board.

Rice held by households as of Oct. 1 fell 26.9% to 1.06 million MT while inventory in commercial warehouses fell 23.9% to 728,690 MT.

Holdings recorded by the National Food Authority (NFA) also fell 30.7% to 166,340 MT.

The PSA reported that the rice inventory rose 46.7% compared to the 1.33 million MT recorded in Sept. 1.

Month on month, household rice stocks, commercial inventories, and NFA depositories increased 66.1%, 34.2%, and 10%, respectively.

“About 54.2% of this month’s total rice stocks were held in households, 37.3% were in commercial warehouses/wholesalers/retailers, and 8.5% were at NFA depositories,” the PSA said.

The PSA said corn stocks as of Oct. 1 fell 47.9% year on year to 513,930 MT.

Household corn stocks fell 49.3% to 213,160 MT while commercial corn inventory fell 46.8% to 300,770 MT.

Month on month, the PSA said the corn stocks fell 8.3% compared to the 560,610 MT posted on Sept. 1.

Compared to the previous month, household corn stocks as of Oct. 1 rose 13.8% while commercial inventories fell 19.4%.

“As of Oct. 1, about 41.5% of the total corn stocks were from households, and 58.5% were from the commercial warehouses/wholesalers/retailers,” the PSA said. — Revin Mikhael D. Ochave

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