Philippines grain inventories shift as rice stocks decline and corn holdings rise

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Anton Kharitonov

05.10.2026

Philippines grain inventories shift as rice stocks decline and corn holdings rise — Rice falls, corn rises

Philippine grain inventories show a mixed supply picture at the start of September, with rice stocks shrinking from a year earlier while corn holdings expand sharply. The divergence reflects weaker rice volumes in state and household storage and much larger corn stocks in households and the commercial trade.

Highlights

Philippine rice inventories drop 8% year-on-year to 1.91 million metric tons as of Sept. 1, down 12.4% from August's 2.18 million metric tons.
Commercial rice stocks fall 21% month-on-month to 816.44 thousand metric tons, while National Food Authority rice holdings decline 6.6%.
Corn inventories rise 47% year-on-year to 816.46 thousand metric tons, with commercial sector holding about 90% and National Food Authority holding none.

September inventory data by sector

As reported by BusinessWorld Online, citing the Philippine Statistics Authority, the national rice inventory stands at 1.91 million metric tons as of Sept. 1, down 8% from 2.07 million metric tons a year earlier and 12.4% below the August estimate of 2.18 million metric tons.

The month-on-month drop is driven mainly by the commercial sector, where rice stocks fall 21% to 816.44 thousand metric tons. Stocks held by the National Food Authority decline 6.6%, while household rice holdings slip 3.8%.

On a year-on-year basis, National Food Authority inventories are down 36.1% to 286.58 thousand metric tons. Household rice stocks edge down 0.6%, while commercial holdings are up 0.1%.

Commercial entities account for 42.8% of total rice stocks, followed by households at 42.2% and the National Food Authority at 15%.

Supply implications for the Philippines food sector

Corn inventories total 816.46 thousand metric tons, up 47% from 555.40 thousand metric tons a year earlier, although they are 1.5% lower than August levels.

Household corn stocks are up 55.8% from a year earlier, while commercial inventories rise 46.1%. Compared with August, household corn stocks fall 28.7%, while commercial stocks increase 2.8%.

The commercial sector holds about 90% of corn stocks during the period, underscoring its central role in supply distribution. The National Food Authority holds no corn during the period.

In our earlier article on the Philippines’ debate over the CARP five-hectare landholding limit, we examined how a 2026 Department of Justice opinion reopened questions about whether current rules still restrict farm expansion and consolidation. We noted that shrinking average farm sizes and rising modernization needs are pushing farmer groups to argue for more flexibility so productive operators can scale up, invest in mechanization and farm infrastructure, and improve output efficiency.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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