Rice inventory up 3.2% in Oct. as NFA holdings rise sharply

THE national rice inventory rose to 2.35 million metric tons (MMT) as of Oct. 1, up 3.2% year on year, the Philippine Statistics Authority (PSA) reported.

- Vonn Andrei E. Villamiel

Of the total stock, 40.5% was held by commercial traders, 40.4% by households, and 19% by the National Food Authority (NFA).

Stock held by the NFA more than doubled to 447,900 MT in October from 172,640 MT a year earlier.