NegOr Household Cereal Stocks Drop in Jan 2020

Reference Number: 

2020-PR46-003

Release Date: 

24 March 2020

JANUARY 2020 NEGROS ORIENTAL TOTAL HOUSEHOLD CEREAL STOCKS DROP TO 22.60 THOUSAND METRIC TONS

 

     Total Rice and Corn household stocks in Negros Oriental fell to 22,602 metric tons as of 6:00 am on January 1, 2020. Lower by 23.61 per cent compared to the same period in December 2019 which level peaked at more than 29,500 metric tons. The decrease was contributed by the rice sector after its’ harvesting period weakened over the period which now recorded lesser stock inflow in the household. 

    Rice stocks level this month, declined more than 27.11 percent against the previous month level of 20,738 metric tons. The deterioration was due to falling household retention of harvested palay as farm gate prices of grains continued to drop over the months. Still rice remained the main bulk of the provinces’ household cereal stocks at 66.87 per cent share.

    This years’ rice stock level compared to same period last year is more than 34.58 percent smaller, still due to limited palay harvests in the province. This years’ palay stock level of 15,115 metric tons reported in January 1, 2020 is 7,991 metric tons smaller than the January 1, 2019 level of 23,106 metric tons.

    In terms of corn grains, the current corn stock at 7,487 metric tons this month is 15.40 percent lower from the previous months’ level of 8,850 metric tons due to less harvest in the province. This year, corn stocks level is more than 15.86 per cent lower compared to same period in 2019, at 8,898 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.

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