RICE

• The January 1, 2012 total rice stock inventory was 2.62 million metric tons (Figure 1). This was 15.2 percent lower than the previous month’s record of 3.10 million metric tons and 23.3 percent below last year’s inventory of 3.42 million metric tons (Table 1).
• This month’s stock levels in all sectors were lower than last month’s records. Stocks in the households were down by 22.5 percent and those in commercial warehouses by 15.1 percent. Stocks in NFA depositories of which 57 percent were imported rice, dropped by 7.0 percent.
• Compared to last year’s inventory, household stocks were lower by 13.8 percent and those in NFA depositories by 40.0 percent. However, stocks in commercial warehouses grew by 9.6 percent.
• As of January 1, 2012, the total volume of rice stocks would be enough for 77 days. Household stocks would last for 29 days. Stocks in NFA depositories would be good for 30 days, while those in commercial warehouses would last for 18 days.
• Of the current stock level, about 37 percent were with the households, 23 percent were with the commercial warehouses and 40 percent were with the NFA depositories.

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

CORN

• The total corn stock inventory as of January 1, 2012 was 166.1 thousand metric tons (Figure 2). This was 6.2 percent below month’s level of 177.1 thousand metric tons, and 8.9 percent higher than last year’s record of 152.5 thousand metric tons (Table 2).
• Compared to previous month’s stock position, this month’s holdings increased by 8.3 percent in the households. In contrast, stocks in commercial warehouses dropped by 13.1 percent. There was no change in stocks held in NFA depositories from last month’s inventory.
• Against last year’s levels, stocks in the households decreased by 18.1 percent and those in NFA depositories by 80.0 percent. However, stocks in commercial warehouses went up by 36.8 percent.
• Of this month’s total corn stocks, about 37.2 percent were with the households and 62.7 percent were with the commercial warehouses. NFA depositories accounted for only 0.1 percent of the total corn stocks inventory

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