Rice stocks rise on surge in commercial inventories

Rice stocks rise on surge in commercial inventories

The country’s total rice inventory expanded in May as private-sector holdings buffered declines in government-run warehouses and household reserves, data from the Philippine Statistics Authority (PSA) showed on Friday, June 5.Data from the PSA showed that total rice stocks rose 2.2 percent to 2.41 million metric tons as of May 1 from 2.36 million metric tons in the same period last year.On a monthly basis, rice inventory for the month improved b…