RICE

• As of April 1, 2017, the total rice stock inventory was 2.68 million metric tons (Figure 1). This was 20.35 percent lower than the 3.36 million metric tons level in April 2016 but 22.95 percent higher than the previous month’s inventory level of 2.18 million metric tons (Table 1).
• Year-on-year, rice stocks in the households increased by 18.09 percent. However, stocks in commercial warehouses and in NFA depositories decreased by 9.77 percent and 71.12 percent, respectively (Table 1).
• Month-on-month, rice stocks in the households and in commercial warehouses grew by 25.05 percent and 44.73 percent, respectively. On the other hand, stocks in NFA depositories dropped by 17.57 percent (Table 1).
• Of this month’s total rice stock inventory, 53.86 percent were with the households, 33.91 percent were in commercial warehouses, and 12.23 percent were in NFA depositories. The latter comprised 75.81 percent of imported rice.
• The total rice inventory for this month would be adequate for 79 days. Stocks in the households would be good for 42 days, those in commercial warehouses for 27 days, and those in NFA depositories for 10 days.

CORN

• The total corn stock inventory as of April 1, 2017 was 1,146.76 thousand metric tons (Figure 2). This was 214.09 percent above the previous year’s record of 365.11 thousand metric tons and 6.35 percent higher than the previous month’s level of 1,078.29 thousand metric tons (Table 2).
• Corn stocks in all sectors increased compared with their levels the previous year. Stocks in the households grew by 14.47 percent, in commercial warehouses by 302.88 percent, and in NFA depositories by 1,211.09 percent (Table 2).
• Compared with the previous month, corn stocks in all sectors grew. Stocks in the households were up by 4.59 percent, in commercial warehouses by 6.50 percent, and in NFA depositories by 21.01 percent (Table 2).
• Around 88.08 percent of this month’s total corn stock inventory were in commercial warehouses, 11.37 percent were with the households, and 0.55 percent in NFA depositories.

Technical Notes

Monthly rice and corn stocks inventory are generated from three sectors, namely: household, commercial, and National Food Authority (NFA). The household stocks are taken from the Palay and Corn Stocks Survey (PCSS1) of the PSA, which covers farming and non-farming households nationwide. The commercial stocks are sourced from registered grains businessmen through the Commercial Stocks Survey (CSS), conducted by the NFA, the results of which are submitted to PSA. NFA stocks are monitored from their warehouses/depositories.