Connect with us

Hi, what are you looking for?

Economy

PHL rice inventory drops 12.8% at start of 2021

THE national rice inventory declined 12.8% year on year to 2.33 million metric tons (MT) as of Jan. 1, the Philippine Statistics Authority (PSA) said.

In its rice and corn inventory report, the PSA said rice stocks held by households rose 7.6% year on year to 1.29 million MT, while inventories held by commercial warehouses fell 27.5% to 689.96 thousand MT.

Rice stocks held by the National Food Authority (NFA) fell 32.8% to 352.52 thousand MT.

The rice inventory fell 15.7% from 2.77 million MT at the start of December.

Household rice stocks fell 20.3% month on month, while inventory held by commercial warehouses fell 13.2% over the same period.

NFA rice volumes fell 0.1% month on month.

“The total rice inventory level during the month was composed of 55.3% households (stocks), 29.6% commercial warehouses, and 15.1% with the NFA,” the PSA said.

Meanwhile, the national corn inventory as of Jan. 1 rose 12.6% year on year to 914.07 thousand MT.

Corn held by households rose 37.7% to 289.03 thousand MT, while inventory in commercial warehouses rose 3.8% to 625.03 thousand MT.

Month on month, corn stocks fell 4.9% from the start of December.

Corn held by households fell 17.9%, while stocks in commercial warehouses rose 2.6%.

The NFA held no corn stocks during the period, according to the PSA.

“The total corn stocks during the month (consisted of) 31.6% in households and 68.4% in commercial warehouses,” the PSA said. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Manila and nearby cities would go back to the strictest lockdown level from Aug. 6 to 20 amid a fresh surge in coronavirus infections...

Economy

The Philippine central bank will keep a supportive monetary policy amid a slower-than-anticipated economic recovery, its governor said on Friday.  “High-frequency indicators suggest that...

Economy

The Philippine central bank raised P100 billion on Friday as it fully awarded its short-term securities, with yields rising due to concerns about a...

Economy

The Securities and Exchange Commission (SEC) on Friday launched a new office under its Corporate Governance and Finance Department (CGFD) that will focus on...

Economy

Consumer foods maker Universal Robina Corp. said on Friday that its snacks and biscuits joint venture based in Australia and New Zealand is to...

Economy

PHILEX MINING Corp. reported an 86% increase in its second-quarter net income to P599.53 million on the back of sustained levels of metal output...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!