• Rice and corn inventory for September registered increases

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    The rice inventory for the month of September has reached 1.53 million metric tons (MMT), according to the monthly report released by the Bureau of Agricultural Statistics.

    It was 6.1 percent higher compared to last year’s record of 1.44 MMT but it is lower by 17.7 percent compared to last month’s level of 1.86 MMT.

    The total rice inventory is enough to last for 46 days. Household stocks would be good for 16 days while those in NFA depositories and commercial warehouses would last for 15 days each.

    Of the current stock level, about 35 percent were with the households, 32.6 percent were with the commercial warehouses, and 32.4 percent were with the NFA depositories.

    Meanwhile, the total corn inventory was estimated at 267.4 thousand metric tons.

    This was 88.6 percent more than the last month’s level of 141.8 thousand metric tons and 30.1 percent higher than last year’s record of 205.5 thousand metric tons.

    Of the current inventory, 62.5 percent were with the households and 33.8 percent were with the commercial warehouses. The NFA depositories accounted for 3.7 percent of the current stock level. PNA

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