RICE 

• The total rice stock inventory as of January 1, 2013 was placed at 2.52 million metric tons (Figure 1). The volume of stocks was 3.4 percent below last month’s inventory of 2.61 million metric tons and 3.9 percent lower than last year’s record of 2.62 million metric tons. (Table 1).
• This month’s stock levels in all sectors were lower compared to last month’s records. Stocks in the households decreased by 1.0 percent. Those in the commercial warehouses went down by 10.0 percent. Stocks in NFA depositories, of which 31.0 percent were imported rice, dropped by 1.1 percent.
• Compared to last year’s inventory records, stocks in the households increased by 33.3 percent and those in commercial warehouses by 2.9 percent. In NFA depositories, stocks declined by 43.0 percent.
• The January 1, 2013 total rice stock inventory would be enough for 74 days. Household stocks would last for 39 days. Stocks in commercial warehouses would last for 18 days while those in NFA depositories would be good for 17 days.
• Of this month’s stock inventory, 51.9 percent were with the households, 24.6 percent were with the commercial warehouses and 23.5 percent were with the NFA depositories.

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

CORN

• The January 1, 2013 total corn stock inventory was estimated at 161.3 thousand metric tons (Figure 2). This was 21.2 percent lower than last month’s level of 204.7 thousand metric tons and 2.9 percent less than last year’s record of 166.1 thousand metric tons (Table 2).
• Relative to last month’s levels, corn stocks in the households dropped by 6.6 percent. Those in the commercial warehouses and NFA depositories decreased by 28.1 percent and 40.8 percent, respectively.
• Comparisons with stocks last year indicated reductions in all sectors. Stocks in the households went down by 0.7 percent and those in the commercial warehouses, by 4.1 percent. Similarly, stocks in NFA depositories declined by 61.5 percent.
• As of 01 January 2013, about 38.0 percent of the stocks were with the households and 61.9 percent were with the commercial warehouses. The NFA depositories accounted for the remainder.

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