INQUIRER.net: PH rice stock swells to 1.8M MT as of Oct., up 16%

INQUIRER.net Philippine News for Filipinos

PH rice stock swells to 1.8M MT as of Oct., up 16% Nov 8th 2013, 00:09 MANILA, Philippines—The country's rice stock swelled to 1.77 million metric tons as of Oct. 1, which was 15.8 percent more than the volume recorded a month earlier as harvest volumes piled up.   On the other hand, total rice supply was 11.4 percent smaller compared to the same date in 2012.   According to the Bureau of Agricultural Statistics, the inventory was good for 52 days' consumption.   Based on the government's measure of rice self-sufficiency, supply must exceed yearly demand by 90 days' worth of buffer stock.   Of the total stock, about half or 27 days' worth of rice was with households while 27 percent or 14 days' w... Keep on reading: PH rice stock swells to 1.8M MT as of Oct., up 16% Media files: nfa_rice-300x200.jpg (image/jpeg)

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