RICE 

• The December 1, 2012 total rice stock inventory was estimated at 2.61 million metric tons (Figure 1). This was 6.2 percent lower than last month’s record of 2.78 million metric tons and 15.6 percent less than last year’s level of 3.10 million metric tons. (Table 1).
• Compared to last month’s levels, stocks in the households dropped by 8.1 percent and those in commercial warehouses were down by 11.8 percent. Stocks in the NFA depositories, of which 34 percent were imported rice, increased by 6.6 percent.
• Relative to last year’s records, stocks in the households went up by 4.4 percent. In contrast, stocks in commercial warehouses and in NFA depositories went down by 2.9 percent and 46.4 percent, respectively.
• The total rice stock inventory as of December 1, 2012 would be enough for 77 days. Household stocks would last for 39 days. Stocks in commercial warehouses would last for 20 days while those in NFA depositories would be good for 18 days.
• Of this month’s stock levels, 50.6 percent were with the households, 26.4 percent were with the commercial warehouses and 22.2 percent were with the NFA depositories.

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

CORN

• The total corn stock inventory as of December 1, 2012 was 204.7 thousand metric tons (Figure 2). This was 3.8 percent higher than last month’s inventory of 197.3 thousand metric tons and 15.6 percent more than last year’s level of 177.1 thousand metric tons (Table 2).
• Against last month’s inventory records, stocks in the households decreased by 2.1 percent and those in NFA depositories dropped by 50.0 percent. However, stocks in commercial warehouses grew by 6.9 percent.
• Compared to last year’s records, stocks in the households and in commercial warehouses were higher by 15.1 percent and 15.9 percent, respectively. On the other hand, stocks in NFA depositories decreased by 35.0 percent.
• Around 32.0 percent of this month’s inventory were with the households and 67.9 percent were with the commercial warehouses. The remainder was in NFA depositories.

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