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MANILA - The Department of Agriculture (DA) on Wednesday assured there is enough supply of rice and corn in the country.
In a report, the DA-Bureau of Agricultural Statistics said that as of August 2012, the country’s rice stock inventory was estimated at 1.62 million metric tons (MT), around 40.6 percent lower than the 2.72 million MT a year ago. It was also lower by 15.6 percent from last month’s 1.91 million MT.
“The total volume of rice stocks would be enough for 48 days. Stocks in the households would be good for 18 days, those in NFA (National Food Authority) depositories would be good for 16 days. Stocks in commercial warehouses would last for 14 days,” BAS said.
The data also showed that withdrawals from households and commercial warehouses resulted in a 21.6 percent and 13.3 percent decline, respectively.
Also, the volume of stocks in the NFA depositories, of which 37 percent were imported rice, was lower by 10.0 percent.
Comparative estimates with stocks last year indicated reductions in all sectors -- household sector dropped by 6.4 percent, commercial sector by 18.3 percent, and NFA depositories decreased by 64.2 percent.
Of the current stock level, about 37.0 percent were with the households, 32.9 percent were with the NFA depositories, and 30.1 percent were with the commercial warehouses.
Meanwhile, the country’s total corn stock inventory was pegged at 140,600 MT, or 0.9 percent more than last month’s record of 139,400 MT -- but it was 10.5 percent less than last year’s level of 157,000 MT.
Relative to last month’s levels, corn stocks in the households went up by 5.3 percent. However, stocks in commercial warehouses decreased by 1.9 percent and stocks in NFA depositories dropped by 37.5 percent.
The volume of corn stocks in the households was higher by 21.1 percent from last year’s level, while stocks in NFA depositories increased 1,000 MT. In contrast, stocks in commercial warehouses were reduced by 24.2 percent.
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