Philippine rice inventory up by 6.8% --[Reported by Umva mag]

THE national rice inventory rose 6.8% year on year to 1.66 million metric tons (MMT), the Philippine Statistics Authority (PSA) reported, citing preliminary data as of Sept. 1.

The national inventory consisted of 63.3% held by commercial traders, 27.6% by households, and 9.1% by the National Food Authority (NFA),” it said in a report.

Rice held by the NFA more than doubled to 151,160 MT, while commercial rice stocks rose 16.4% to 1.05 MMT.

On the other hand, rice stocks held by households amounted to 457,820 MT for the period, dropping 23.7% from a year earlier.

Month on month, the rice inventory fell 11.2%.

The PSA also said the corn inventory declined 22.1% year on year to 625,120 MT during the period. Corn held by commercial establishments was 591,980 MT, down 19.9%, while household corn was around 33,130 MT, down 47.8%. — Adrian H. Halili

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.