Philippine rice inventory declined by nearly 20% in September.

The country’s rice inventory as of September 1 declined by almost 20% to 1.42 MMT vs 1.77 MMT a year ago. The total rice inventory during the period is equivalent to the rice-consumption requirement of Filipinos for 42 days. Stocks in the households would be enough for 20 days, those in commercial warehouses for 20 days and those in National Food Authority [NFA] depositories for two days,” the PSA said in its monthly report, titled “Rice and Corn Stocks Inventory September 2017 published on October 10. Of the rice inventory as of September 1, the PSA said 48.42 percent were with the households, 46.97 percent were in commercial warehouses and 4.61 percent were in NFA depositories. Less than 1 percent of NFA stocks consisted of imported rice.