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Rice inventory up in November

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MANILA, Philippines — The country’s rice inventory went up in November last year as volume of the main staple was boosted by the main harvest season.

Latest data from the Philippine Statistics Authority (PSA) showed that total rice inventory stood at 3.16 million metric tons (MT) as of November, up 6.6 percent from the previous year’s volume of 2.96 million MT.

The current inventory is also 19 percent higher than the previous month’s volume stock of 2.65 million MT.

See full article at Philstar