[ad_1]
The nation’s rice stock declined to a four-month low in January regardless of a report palay harvest final yr, knowledge from the Philippine Statistics Authority (PSA) confirmed.
Figures from the PSA indicated that the nation’s rice stock as of January 1 fell by a fifth to 1.859 million metric tons (MMT), from the two.332 MMT recorded a yr in the past.
“In distinction to the earlier month’s rice shares stock stage of two.377 MMT, there was a -21.8 p.c drop,” the PSA stated in its report titled “Rice and Corn Shares Stock,” revealed on Tuesday.
The PSA knowledge confirmed that rice shares in households reached 991,560 MT whereas these saved in industrial warehouses and Nationwide Meals Authority (NFA) warehouses reached 659,560 MT and 208,330 MT, respectively.
“Of the full rice shares stock, about 53.3 p.c had been from the households. The remaining 35.5 p.c and 11.2 p.c had been contributed by the industrial warehouses/wholesalers/retailers and NFA depositories, respectively.”
The PSA report confirmed that rice stock throughout all sectors (households, industrial warehouses and NFA) declined each on an annual and month-to-month foundation.
“In all sectors, rice shares inventories posted annual decreases in January 2022. Declines had been at -23.1 p.c in households, -4.4 p.c in industrial warehouses/wholesalers/retailers, and -40.9 p.c in NFA depositories,” it stated.
“Likewise, month-on-month reductions of -23.5 p.c within the households, -20.6 p.c in industrial warehouses/wholesalers/retailers, and -16.6 p.c in NFA depositories had been seen within the rice shares inventories.”
In the identical report, the PSA stated the nation’s whole corn stock as of January 1 declined by 44.51 p.c to 507,150 MT, from final yr’s 914,070 MT.
“As in contrast with the final month’s corn shares stock stage of 562,840 metric tons, a drop of -9.9 p.c was recorded in January 2022,” the report learn.
The PSA stated corn shares for each households and industrial warehouses declined on an annual and month-to-month foundation. Corn stock in households reached 73,960 MT whereas shares in industrial warehouses had been at 433,190 MT.
“There have been -74.4 p.c and -30.7 p.c decreases within the households and industrial warehouses/wholesalers/retailers, respectively,” the report learn.
“Equally, there was a -32.3 p.c decline within the family corn shares and -4.5 p.c drop within the industrial warehouses/wholesalers/retailers corn shares relative to their earlier month’s shares stock stage.”
The PSA stated households contributed about 14.6 p.c to the full corn shares stock and 85.4 p.c was from industrial warehouses/wholesalers/retailers.
The Philippines produced 19.96 MMT of unmilled rice final yr. The determine is sort of 3.5 p.c greater than the 19.29 MMT produced in 2020.
The Division of Agriculture stated palay manufacturing registered a rise regardless of the injury attributable to Hurricane Odette to the rice sector.
[ad_2]
Source link