The Philippine Statistics Authority said the country’s current rice inventory is sufficient for 100 days.
The PSA said the rice inventory as of December 1, 2015 stood at 3.44 million metric tons, up 13.5 percent from 3.03 million metric tons at the end of 2014.
Stocks in households and National Food Authority warehouses year-on-year increased 4.9 percent and 68.9 percent respectively.
Stocks in commercial warehouses, however, dropped 0.2 percent, the PSA said.
The agency said 47.8 percent of the total rice inventory were with households, 28.4 percent in commercial warehouses and 23.8 percent in NFA depositories.
Stocks in households would be sufficient for 47 days while those in commercial warehouses would be enough for 29 days, it said.
The PSA said stocks in NFA depositories would be sufficient for 24 days.
The NFA earlier said it might import an additional 400,000 metric tons of rice this year, which would be used as buffer stocks for the lean season.
The volume was on top of the 750,000 metric tons of rice imports approved last year. The NFA Council has not official decided on the additional rice imports.
The NFA said of the 250,000 metric tons of rice imports last year, the first shipment of 125,000 metric tons arrived in November while another 125,000 metric tons were due last December.
For the 2016 imports of 500,000 MT, the first shipment of 175,000 MT would arrive by the end of January, 175,000 MT by the end of February and 150,000 MT by the end of March next year.
The PSA, meanwhile, said total corn inventory at the end of 2015 stood at 252,200 metric tons, up 23 percent from 216,000 MT at the end of 2014.
The PSA said around 63 percent of the total corn stock inventory were in commercial warehouses, 36.5 percent with households and 0.5 percent with the NFA depositories.
Stocks in households and commercial warehouses year-on-year increased 5.2 percent and 36.5 percent, while stocks in NFA depositories decreased 18.4 percent.
