The Philippines’ stock of rice has dropped by three percent to an estimated 1.37 million metric tons as of March 1, compared to 1.41 million metric tons inventory in the same period of the previous year.
The Philippines’ rice inventory dropped by 3 percent to an estimated 1.37 million metric tons as of March 1, compared to 1.41 million metric tons inventory in the same period of the previous year. As of March 1, rice stocks in the National Food Authority warehouses and household sector registered annual decreases of 59.9 percent and 14.4 percent to 41,290 MTs and 694,620 MTs, respectively. However, commercial stocks increased by 27.5 percent to 630,290 MT from 778,890 MTs in the same period of 2023.Compared to February 1, rice levels, inventories from the commercial establishments and NFA depositories showed month-on-month decreases of 19.1 percent and 12 percent, respectively.
On the other hand, March 1 figures showed that the total corn inventory of the country reached 546,890 MT, 55.4 percent higher from the 352,040 MTs during the same period in 2023.
Source: News Formal (newsformal.com)
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