RICE

• The total rice stock inventory as of July 1, 2012 was 1.91 million metric tons (Figure 1). This was 16.3 percent lower than last month’s level of 2.29 million metric tons and 36.6 percent less than last year’s record of 3.02 million metric tons (Table 1).
• This month’s stock levels in all sectors were lower than last month’s records. Stocks in the households went down by 13.5 percent. Those in the commercial warehouses decreased by 25.1 percent. Stocks in NFA depositories of which 37 percent were imported rice, dropped by 9.8 percent.
• Compared to last year’s inventory records, stocks in the households were lower by 7.6 percent and those in the commercial warehouses by 18.3 percent. In NFA depositories, stocks declined by 60.9 percent due to reduced importations.
• The total rice stocks inventory as of July 1, 2012 would be enough for 56 days. Stocks in NFA depositories would be good for 17 days, while those in commercial warehouses would last for 17 days. Household stocks would last for 22 days.
• Of this month’s total rice stocks, 39.8 percent were with the households, 29.3 percent were with the commercial warehouses and 30.8 percent were with the NFA depositories.

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

CORN

• The July 1, 2012 total corn stock was estimated at 139.4 thousand metric tons (Figure 2). This was 23.6 percent less than last month’s level of 182.4 thousand metric tons and 37.0 percent lower than the previous year’s inventory of 221.3 thousand metric tons (Table 2).
• Against last month’s levels, stocks in the households and in NFA depositories recorded increments of 17.7 percent and 10.3 percent, respectively. In contrast, stocks in commercial warehouses dropped by 37.7 percent.
• Compared to last year’s records, stocks in the households increased by 20.0 percent. On the other hand, stocks in commercial warehouses decreased by 51.9 percent. Stocks in NFA depositories increased from 0.03 thousand metric tons last year to 0.16 thousand metric tons this year.
• Of the July 1 stock level, 60.8 percent were with the commercial warehouses and 39.1 percent were with the households. The remainder was in NFA depositories.

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