THE rice inventory as of Sept. 1 fell 26.9% year on year to 1.33 million metric tons (MT), according to the Philippine Statistics Authority (PSA).

The PSA said in its rice and corn stock report that the rice inventory as of Sept. 1 fell 15.6% from the level reported on Aug. 1.

Rice held by households fell 24.8% year on year to 638,160 MT, while rice in commercial warehouses fell 30.6% to 543,020 MT.

Holdings maintained by the National Food Authority (NFA) fell 21.5% year on year to 151,170 MT.

Month on month, rice stocks held by households, commercial warehouses, and the NFA fell 15%, 16.3%, and 15.5%, respectively.

“Of this month’s total rice stocks, 47.9% came from households, 40.8% were from commercial warehouses/wholesalers/retailers, and 11.3% were from NFA depositories,” the PSA said.

Meanwhile, PSA said the corn inventory fell 29.7% year on year to 560,610 MT.

Month on month, the total was 20.8% lower.

Household corn stocks fell 38.6% year on year to 187,360 MT while inventories of commercial warehouses fell 24.2% to 373,250 MT.

Compared to the previous month, corn inventories in households rose 73.3% while stocks in commercial warehouses dropped 37.7%.

“The total corn inventory during the month was composed of 33.4% from households and 66.6% from commercial warehouses/wholesalers/retailers,” the PSA said. — Revin Mikhael D. Ochave