RICE

• As of February 1, 2014, the total rice stock inventory was 2.00 million metric tons (Figure 1). This was 5.7 percent lower than last month’s inventory of 2.12 million metric tons and 1.0 percent below the 2.02 million metric tons record in February 2013. (Table 1).
• Compared with last month’s rice stock levels, this month’s stock in the NFA depositories, of which 77.4 percent were imported rice, increased by 67.1 percent. However, stocks in the households and in commercial warehouses decreased by 15.6 percent and 18.7 percent, respectively.
• Year on year, stocks in the households grew by 20.1 percent. On the other hand, stocks in commercial warehouses and in NFA depositories declined by 14.8 percent and 20.3 percent, respectively.
• Of the current stock level, 53.4 percent were with the households, 23.7 percent were in commercial warehouses and 22.9 percent were in NFA depositories.
• The total rice inventory for this month would be sufficient for 59 days. Stocks in the households would be good for 31 days while those in commercial warehouses and in NFA depositories would last for 14 days each.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, February 2013 and January 2014 and February 2014

CORN

• .The total corn stock inventory as of February 1, 2014 was 215.9 thousand metric tons (Figure 2). This was 27.9 percent higher than last month’s level of 168.8 thousand metric tons and 43.5 percent higher than last year’s record of 150.5 thousand metric tons (Table 2).
• Month on month, stock levels in the households increased by 101.3 percent. On the other hand, corn stocks in commercial warehouses and in NFA depositories were down by 20.2 percent and 0.6 percent, respectively.
• Compared with last year, corn stocks of households increased by 111.2 percent. Stocks in NFA depositories grew from 0.07 thousand metric tons in 2013 to 10.3 thousand metric tons this year. On the contrary, corn stocks in commercial warehouses dropped by 15.7 percent.
• Around 60.7 percent of this month’s total corn stock inventory were with the households, 34.5 percent were with the commercial warehouses and 4.8 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, February 2013 and January 2014 and February 2014