MANILA: The Philippines’ rice stockpile increased by 6.4 per cent as of Jan. 1 from the past year due to the more aggressive buying policy of the government, while corn inventory declined by 45 per cent as farmers shifted to tobacco planting.
According to the Philippine Statistics Authority (PSA), the country’s overall rice inventory totaled 2.16 million metric tons (MT) as of Jan. 1, higher than 2.03 million MT a year ago.
