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Philippines rice stocks fall by 7.5% in May

 Last Update: 2021-08-01
 Source: Internet
 Author: User

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According to a report by the Philippine "Star" on July 16, the latest data from the Philippine Bureau of Statistics (PSA) showed that as of May 1, the total rice inventory was 2.
58 million tons, a year-on-year decrease of 7.
5%, but a month-on-month increase of 5.
8%
.
Based on the average daily consumption of 32,000 tons per capita in the Philippines, the current inventory is sufficient for 81 days
.
The Department of Agriculture (DA) expects year-end rice stocks to be 75 days
.
Earlier this week, Minister of Agriculture Dahl stated that he hopes to achieve the annual production target of 20.
4 million tons
.

Rice

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