Wedoany.com Report-Nov. 5, As of October 1, the Philippines recorded a notable increase in grain inventories, driven by higher stocks in households and government facilities. According to the Philippine Statistics Authority (PSA), total rice stocks reached 2.35 million metric tons (MMT), up 3.2% from 2.28 MMT in the same month last year.

Breaking down rice inventories, the commercial sector held 40.5%, households 40.4%, and the National Food Authority (NFA) depositories 19%. On a yearly basis, household rice stocks rose 6%, while NFA depositories surged 159.4%. Commercial inventories, however, declined 21.1%. Compared to September, overall rice stocks increased 13.6%, reflecting stronger domestic availability.

Corn inventories also expanded, reaching 846,810 metric tons as of October 1, marking a 16.3% year-on-year increase. Monthly growth was even more pronounced, with stocks rising 52.5% from September. The commercial sector held 78% of total corn inventories, while households accounted for 22%, indicating a balanced distribution between private and household reserves.

The increase in inventories aligns with the country’s improved grain production in the first half of the year. Rice output reached 9.08 MMT, up 6.4% from the same period in 2024, while corn production rose 5.2% to 3.9 MMT, supporting higher stock levels and ensuring a more stable supply for domestic consumption.

The growth in household and government-held rice and corn stocks highlights efforts to strengthen food security and maintain strategic reserves, while commercial inventories reflect market adjustments in response to production and consumption trends.

Overall, the data indicates that the Philippines has seen a positive development in grain supply, with increased availability contributing to both household food security and national reserve capacity. This positions the country to better manage domestic demand and potential fluctuations in grain consumption throughout the year.