NegOr Cereal Household Cereal Stocks Soar 29.59 % December 2019

Reference Number: 

2020-PR46-002

Release Date: 

21 March 2020

   NEGROS ORIENTAL TOTAL HOUSEHOLD CEREAL STOCKS SOAR 29.59 THOUSAND METRIC TONS IN DECEMBER 2019 

 

     Negros Oriental Total Rice and Corn household stocks logged at 29,588 metric ton as of 6:00 am on December 1, 2019. The cereal stock level is more than 9.65 per cent higher than the 26,975 metric tons counted in the same period in November 2019. The increase was contributed by the rice sector after its’ harvesting period peaked which recorded higher stock retention in the household.

    Rice stocks level this month, increased 19 percent against the previous months’ level of 17,426 metric tons. The improvement was due to increasing household retention of harvested palay as farm gate prices of grains steadily bled over the months. Still, rice remained the main bulk of the provinces’ household cereal stocks.

    This years’ rice stock level compared to same period last year is 22.60 percent smaller due to not many palay harvests in the province this year. This years’ palay stock level of 20,738 metric tons reported in December 1, 2019, is 6,056 metric tons smaller than the December 1, 2018 level of 26,794 metric tons.

     In terms of corn grains, the current corn stock at 8,850 metric tons this month is 7.29 percent lower from the previous months’ level of 9,549 metric tons due to declining harvest in the province. This year, corn stocks level is 28.66 per cent lower compared to same period in 2018, at 12,405 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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