PH rice stocks down in June

DESPITE recent rice imports aimed at boosting domestic stocks, the country’s total rice inventory stood at 2.36 million metric tons (MMT) in June, lower than the volume recorded a year ago and in May, the Philippine Statistics Authority (PSA) said.

In its latest “Rice and Corn Stocks Inventory” report, the state-run statistics agency said the figure was an 8.24-percent decrease from 2.57 MMT in June 2017 and an 18.85-percent decline from 2.9 MMT two months ago.