The country has enough rice before the next harvest season, the Bureau of Agricultural Statistics (BAS) reported on Friday.
In its latest inventory, BAS said that as of July 2013, the country’s rice stock is sufficient for the next 65 days—with stocks in depositories of the National Food Authority (NFA) would last for 21 days, while stocks in commercial warehouses would last for 20 days and household stocks would last for 24 days.
It also said that the July 2013 inventory was placed at 2.19 million metric tons (MT), higher by 14.6 percent from the stockpile of 1.92 million MT in the same period last year. However, it is 5.2 percent lower than the previous month’s record of 2.31 million MT.
Month-on-month, rice stocks in households decreased by 15.3 percent and those in commercial warehouses by 4.4 percent. Stocks in NFA depositories, of which 34 percent were imported rice, grew by 9.2 percent.
Compared with last year’s inventory, stock levels in all sectors were higher.
Household stocks grew by 6.4 percent, those in commercial warehouses rose by 21.87 percent and in NFA stocks rose by 18.1 percent.
Of the total rice stocks in July, households accounted for 37 percent NFA depositories shared 32 percent while 31 percent are held in commercial warehouses.
The country is still in the middle of the lean season for palay cropping.
Corn stock inventory in July, on the other hand, was placed at 123,200MT, down by 11.7 percent than last month’s record of 139,500MT and 11.6 percent below last year’s level of 13,400MT.
Compared with last month’s levels, stocks in the households and in NFA depositories grew by 4.7 percent and 6.7 percent, respectively. On the other hand, stocks in commercial warehouses dropped by 19.2 percent.