Govt assures rice, corn stocks ‘enough’

The country has enough rice stocks for the next two and a half months, but inventory at government depositories fell below minimum buffer stock requirement at the start of November this year, the Bureau of Agricultural Statistics (BAS) said on Monday.

In its latest inventory, BAS said that the Philippines’ total rice stock inventory dropped 12.4 percent to 2.44 million metric tons as of November 1 this year, from last year’s 2.78 million MT.