RICE

• As of February 1, 2017, the total rice stock inventory was 2.30 million metric tons (Figure 1). This was 21.97 percent lower than the 2.94 million metric tons level in February 2016 and 16.95 percent below the previous month’s inventory level of 2.77 million metric tons (Table 1).
• Year-on-year, rice stocks in the households increased by 13.98 percent. However, stocks in commercial warehouses and in NFA depositories decreased by 27.21 percent and 53.28 percent, respectively (Table 1).
• This month’s rice stocks in all sectors dropped compared with their levels the previous month. Stocks in the households decreased by 9.81 percent, in commercial warehouses by 27.65 percent, and in NFA depositories by 15.01 percent (Table 1).
• Of this month’s total rice stock inventory, 49.87 percent were with the households, 29.87 percent were in commercial warehouses, and 20.26 percent were in NFA depositories. The latter comprised 78.55 percent of imported rice.
• The total rice inventory for this month would be adequate for 68 days. Stocks in the households would be good for 34 days, those in commercial warehouses for 20 days, and those in NFA depositories for 14 days.

CORN

• The total corn stock inventory as of February 1, 2017 was 439.57 thousand metric tons (Figure 2). This was 41.04 percent higher than the previous year’s record of 311.67 thousand metric tons and 15.03 percent above the previous month’s level of 382.13 thousand metric tons (Table 2).
• Corn stocks in all sectors grew compared with their levels the previous year. Stocks in the households increased by 90.88 percent, in commercial warehouses by 23.13 percent, and in NFA depositories by 428.67 percent (Table 2).
• Compared with the previous month, corn stocks in commercial warehouses and in NFA depositories increased by 38.54 percent and 84.56 percent, respectively. On the other hand, stocks in the households dropped by 13.12 percent (Table 2).
• Around 64.86 percent of this month’s total corn stock inventory were in commercial warehouses, 34.60 percent were with the households, and 0.54 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.