RICE

• The total rice stock inventory as of November 1, 2016 was 3.30 million metric tons (Figure 1). This was 6.28 percent higher than the 3.11 million metric tons level in November 2015 and 44.42 percent higher than last month’s inventory level of 2.29 million metric tons (Table 1).
• Year-on-year, rice stocks in the households and in commercial warehouses grew by 10.59 percent and 22.30 percent, respectively. However, stocks in NFA depositories dropped by 22.92 percent (Table 1).
• This month’s rice stocks in all sectors increased compared with their levels last month. Stocks in the households increased by 69.32 percent, in commercial warehouses by 36.92 percent, and in NFA depositories by 7.49 percent (Table 1).
• Of this month’s total rice stock inventory, 50.80 percent were with the households, 32.67 percent were in commercial warehouses, and 16.53 percent were in NFA depositories. The latter comprised 79.56 percent of imported rice.
• The total rice inventory for this month would be sufficient for 97 days. Stocks in the households would be enough for 49 days, those in commercial warehouses for 32 days, and those in NFA depositories for 16 days.

CORN

• As of November 1, 2016, the total corn stock inventory was 604.79 thousand metric tons (Figure 2). This was 102.84 percent higher than last year’s record of 298.16 thousand metric tons and 11.21 percent higher than last month’s level of 543.85 thousand metric tons (Table 2).
• Compared with last year, corn stocks in the households and in commercial warehouses increased by 69.65 percent and 122.47 percent, respectively. On the other hand, stocks in NFA depositories decreased by 34.77 percent (Table 2).
• Compared with last month, stocks in commercial warehouses and in NFA depositories grew by 69.41 percent and 190.40 percent, respectively. However, stocks in the households dropped by 38.12 percent (Table 2).
• Around 69.73 percent of this month’s total corn stock inventory were in commercial warehouses, 30.15 percent were with the households, and 0.12 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.