RICE

• The total rice stock inventory as of January 1, 2014 was 2.12 million metric tons (Figure 1). This was 14.7 percent lower than last month’s inventory of 2.49 million metric tons and 15.8 percent below the 2.52 million metric tons record in 2013. (Table 1).
• This month’s stock levels in commercial warehouses and in the households decreased by 22.8 percent and 11.8 percent, respectively, compared with the December 1, 2013 rice stock inventory. Likewise, stocks in NFA depositories, of which 43.8 percent were imported rice, dropped by 8.4 percent.
• Year on year, stocks in the households, in commercial warehouses, and in NFA depositories declined by 3.2 percent, 6.2 percent, and 53.7 percent, respectively.
• Of the current stock level 59.7 percent were with the households, 27.4 percent were in commercial warehouses and 12.9 percent were in NFA depositories.
• The total rice inventory for this month would be adequate for 62 days. Stocks in the households would be good for 37 days, in commercial warehouses for 17 days, and in NFA depositories for 8 days.

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

CORN

• As of January 1, 2014, the total corn stock inventory was 168.8 thousand metric tons (Figure 2). This was 10.9 percent lower than last month’s level of 189.4 thousand metric tons but 4.7 percent higher than last year’s record of 161.3 thousand metric tons (Table 2).
• This month’s stock levels in the households and in commercial warehouses decreased by 20.6 percent and 3.9 percent, respectively, compared with last month’s record. However, corn inventories in NFA depositories were up by 0.1 percent.
• Against last year’s record, corn stocks of households increased by 6.3 percent. Corn stocks in NFA depositories grew from 0.08 thousand metric tons last year to 10.4 thousand metric tons this year. On the other hand, corn stocks in commercial warehouses dropped by 6.7 percent.
• Around 55.2 percent of this month’s total corn stock inventory were with the commercial sector, 38.6 percent were with the households and 6.2 percent were with the NFA depositories.

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