Philippine rice and corn stocks rise in October

total rice inventory, 40.5% was held by the commercial sector, 40.4% by households, and 19% by the National Food Authority (NFA) depositories. On a yearly basis, household rice stocks rose by 6%, and those in NFA depositories surged by 159.4%, while commercial inventories declined by 21.1%. Compared to September, overall rice stocks grew by 13.6%. Corn inventories also posted strong growth, reaching 846,810 metric tons as of October 1, up 16.3% year-on-year. On a monthly basis, corn stocks jumped by 52.5%. About 78% of total corn inventories were held by the commercial sector, while households accounted for the remaining 22%. Overall grain ...