2 days ago
1
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
Latest PSA report showed that nationwide rice inventory as of May 1 stood at 2.37 million MT, almost 300,000 MT higher than the 2.07 million MT recorded stocks in the same month last year.
MANILA, Philippines — The country’s rice stocks rose by 14 percent to its highest level this year at over 2.3 million metric tons (MT) in May, the Philippine Statistics Authority said.
Latest PSA report showed that nationwide rice inventory as of May 1 stood at 2.37 million MT, almost 300,000 MT higher than the 2.07 million MT recorded stocks in the same month last year.
On a monthly basis, the volume of rice stocks grew by 1.3 percent from the 2.34 million MT recorded in April.
The latest rice inventory level is the highest since the 2.56 million MT recorded stocks in December last year, based on PSA data.
The increase in rice stocks can be attributed to the dry season harvest as well as continuous entry of imported supplies, according to industry sources.
The PSA report showed that almost half of the nationwide rice stocks were from households, 33.9 percent were from the commercial sector and 16.8 percent were from the National Food Authority (NFA) warehouses.
Rice stocks in households rose by 35.5 percent year-on-year to 1.17 million MT from 863,770 MT. Meanwhile, rice inventory in commercial entities declined by nearly 30 percent to 803,440 MT from 1.14 million MT.
Furthermore, rice stocks of NFA more than quintupled to 397,210 MT from a measly 69,350 MT last year.
“In comparison to the April 2025 rice stocks levels, increment was noted from the NFA depositories by 14.7 percent,” the PSA said.
“Meanwhile, rice stocks inventory from the commercial sector decreased by 2.1 percent, as well as in the households by 0.3 percent,” the PSA added.
Meanwhile, the PSA said the country’s corn stocks as of May 1 declined by 5.6 percent to 671,100 MT from 710,720 MT.
“Corn stocks inventory exhibited a month-on-month increase of 2.7 percent relative to its previous month’s inventory level of 653,350 metric tons,” the PSA said.
PSA said that around 84.5 percent of the corn stocks recorded in may were from the commercial sector while the remaining 15.5 percent were from households.
Corn stocks in households reached 104,090 MT, up by 82.2 percent from last year’s 57,140 MT. Meanwhile, corn stocks in commercial entities declined by 13.2 percent to 567,020 MT from 653,580 MT last year.
“Relative to the inventory level in April the volume of corn stocks from the commercial sector registered a month-on-month increase of 7.4 percent. Meanwhile, the corn stocks inventory from the households decreased by 17.0 percent,” the PSA said.
