RICE 

• The total rice stock inventory as of December 1, 2011 was 3.10 million metric tons (Figure 1). This was 3.7 percent below last month’s level of 3.21 million metric tons and 20.7 percent lower than last year’s record of 3.90 million metric tons (Table 1).
• Compared to previous month’s stock position, this month’s holdings dropped by 4.3 percent in the households and 0.3 percent in commercial warehouses. The volume of stocks in NFA depositories of which 60.0 percent were imported rice, was lower by 5.1 percent.
• Compared to the stocks last year, there were reductions in the household sector by 11.7 percent and in NFA depositories by 36.9 percent. In contrast, stocks in the commercial sector grew by 2.3 percent.
• The total rice stocks would be enough for 91 days. Stocks in NFA depositories would be good for 33 days, while those in commercial warehouses would last for 21 days. Household stocks would last for 37 days.
• Of this month’s total rice stocks, 41 percent were with the households, 23 percent were with the commercial warehouses, and 36 percent were with the NFA depositories.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, November 2011 and December 2010 and 2011

CORN

• The December 1, 2011 total corn stock inventory was estimated at 177.1 thousand metric tons (Figure 2). This was 11.8 percent lower than last month’s record of 200.9 thousand metric tons, and 0.8 percent below last year’s level of 178.5 thousand metric tons (Table 2).
• Compared to last month’s inventory records, stocks in the households decreased by 24.0 percent, and those in commercial warehouses by 4.7 percent. However, stocks in NFA depositories grew by 150.0 percent.
• Compared to last year’s records, stocks in households dropped by 37.8 percent, and stocks in NFA depositories decreased by 90.9 percent. In contrast, stocks in commercial warehouses increased by 41.7 percent.
• Around 32 percent of the total corn stocks were with the households, 37 percent were with the commercial warehouses. NFA depositories accounted for only 0.1 percent.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, November 2011 and December 2010 and 2011