RICE

• The April 1, 2013 total rice stock inventory was estimated at 2.33 million metric tons (Figure 1). It was 20.1 percent higher than the previous month’s record of 1.94 million metric tons but 11.8 percent lower than the 2012 level of 2.64 million metric tons. (Table 1)
• This month’s stock levels in all sectors were higher compared to last month’s records. Stock inventory in the households increased by 26.3 percent. In commercial warehouses, inventory went up by 31.6 percent. Stocks in NFA depositories, of which 23.0 percent were imported rice, rose by 0.9 percent.
• Relative to last year’s records, the inventory of stocks in the households and commercial warehouse grew by 1.3 percent and 26.9 percent, respectively. In contrast, NFA depositories posted a 44.4 percent reduction in stock inventory.
• The total rice stock inventory as of April 1, 2013 would be enough for 68 days. Household stocks would last for 31 days. Stocks in commercial warehouses would last for 20 days while those in NFA depositories would be good for 17 days.
• Of the current stock level, about 46 percent were with the households, 29 percent were with the commercial warehouses and 25 percent were with the NFA depositories.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, March 2013 and April 2012 and 2013

CORN

• The total corn stock inventory as of April 1, 2013 was 299.1 thousand metric tons (Figure 2). This was 58.9 percent more than last month’s record of 188.2 thousand metric tons and 39.6 percent higher than last year’s level of 214.2 thousand metric tons (Table 2).
• Compared to last month’s records, the inventory of corn stocks in the households increased by 16.4 percent. Corn stocks in commercial warehouses and in NFA depositories increased by 110.4 percent and 110.5 percent, respectively.
• Compared to last year’s inventory records, stocks in the households went up by 5.0 percent and those in commercial warehouses, by 78.8 percent. Stocks in NFA depositories increased from 0.01 thousand metric ton last year to 0.40 thousand metric ton this year.
• About 40.1 percent of this month’s stock inventory were with the households and 59.8 percent were with the commercial warehouses. The remainder was in NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, March 2013 and April 2012 and 2013