RICE

• The total rice stock inventory as of April 1, 2012 was 2.64 million metric tons (Figure 1). This was 31.1 percent more than last month’s level of 2.01 million tons but 14.4 percent lower than the previous year’s record of 3.08 million metric tons (Table 1).
• This month’s stock levels in all sectors were higher than last month’s records. Stocks in the households grew by 30.1 percent. Those in the commercial warehouses increased by 25.5 percent. In the NFA depositories stocks went up by 35.1 percent. Of the NFA stocks, 69 percent were imported rice.
• Compared to last year’s inventory records, stocks in the commercial warehouses decreased by 13.9 percent and those in the NFA depositories dropped by 27.7 percent. However, stocks in the households were higher by 4.5 percent.
• The total rice stocks inventory as of April 1, 2012 would be enough for 78 days. Stocks in NFA depositories would be good for 31 days, while those in commercial warehouses would last for 16 days. Household stocks would last for 31 days.
• Of this month’s total rice stocks, 40 percent were held by households. Another 40 percent were with NFA depositories, while 20 percent were with the commercial warehouses.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, March 2012 and April 2011 and 2012

CORN

• The April 1, 2012 total corn stock inventory was estimated at 214.2 thousand metric tons (Figure 2). This was 46.3 percent more than last month’s record of 146.4 thousand metric tons, but 0.1 percent less than last year’s inventory of 214.4 thousand metric tons (Table 2).
• Against last month’s levels, stocks in the households and in the commercial warehouses recorded increments of 53.9 percent and 38.5 percent, respectively. There were no corn stocks recorded in NFA depositories last month.
• Compared to last year’s records, stocks declined by 12.2 percent in the households and  by  97.0  percent  in NFA depositories. Stocks in commercial warehouses, however, were higher by 18.9 percent.
• Of the April 1 stock level, 53 percent were with the households and 47 percent were with the commercial warehouses.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, March 2012 and April 2011 and 2012