NegOr Household Cereal Stocks Kick 12.97 % in Nov 2019

Reference Number: 

2020-PR46-001

Release Date: 

21 March 2020

NEGROS ORIENTAL TOTAL HOUSEHOLD CEREAL STOCKS KICK 12.97 PER CENT IN NOVEMBER 2019

 

       Negros Oriental Total Rice and Corn household stocks recorded at 26,975 metric ton level as of 6:00 am on November 1, 2019. The cereal stock level is nearly 13 per cent higher than the 23,878 metric tons tallied in the same period in October 2019. The increase was contributed by the rice sector after its’ initial harvesting period commenced which recorded more stock inflow against steady stock consumption.

     Rice stocks level this month, increased 278 percent against the previous month level of 4,610 metric tons. The improvement was due to increasing household retention of harvested palay as farm gate prices of grains gradually drained over the months. With this, rice now becomes the main bulk of the provinces’ household cereal stocks.

      This years’ rice stock level compared to same period last year is 37.74 percent smaller due to fewer palay harvests in the province this year. This years’ palay stock level of 17,426 metric tons reported in November 1, 2019, is 10,561 metric tons smaller than the November 1, 2018 level of 27,987 metric tons.

    In terms of corn grains, the current corn stock at 9,549 metric tons this month is 50.44 percent lower from the previous months’ level of 19,268 metric tons due to declining harvest in the province. This year, corn stocks level is 42.44 per cent lower compared to same period last year 2018, at 16,589 metric tons. Still fewer harvests in the locality contributed to the negative growth trend this year.

     These figures were the result of the Palay and Corn Stocks Survey 1 (PCSS1), conducted by the Philippine Statistics Authority (PSA) in the province. The monthly survey on farming and non-farming household stocks level intends to generate estimates of the current stocks of rice and corn and is conducted in the first four (4) days of the month with the 1st day of the month as the reference period.

 

SGD

ARIEL T. FORTUITO

Chief Statistical Specialist

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