PH's rice inventory falls 13% year-on-year – Manila Bulletin

Published February 20, 2021, 6:00 AM
The Philippines’ rice inventory as of January this year declined by 12.8 percent year-on-year after both commercial warehouses and state-run grains agency National Food Authority (NFA) ended with lower stocks during the period.
Data from Philippine Statistics Authority (PSA) showed that as of January, the country’s rice stocks inventory was recorded at 2.33 million metric tons (MT). This was lower by 12.8 percent in comparison with the previous year’s level of 2.67 million MT.
(MANILA BULLETIN FILE PHOTO)
Likewise, rice stocks dropped by 15.7 percent over the previous month’s level of 2.76 million MT.
Year-on-year, rice stocks in households rose by 7.6 percent, but rice stocks in commercial warehouses and NFA depositories both contracted by -27.5 percent and -32.8 percent, respectively.

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