RICE 

• The total rice stock inventory as of July 1, 2013 was estimated at 2.19 million metric tons (Figure 1). This was 5.2 percent lower than last month’s record of 2.31 million metric tons but 14.6 percent higher than last year’s level of 1.92 million metric tons. (Table 1).
• Compared with last month’s inventory levels, rice stock in the households decreased by 15.3 percent and those in commercial warehouses by 4.4 percent. On the other hand, stocks in NFA depositories of which 34 percent were imported rice, grew by 9.2 percent.
• Compared with last year’s records, this month’s stock levels in all sectors were higher. Household stocks grew by 6.4 percent, in commercial warehouses by 21.87 percent and in NFA depositories by 18.1 percent.
• The July 1, 2013 total rice stocks would be enough for 65 days. Household stocks would last for 24 days. Stocks in NFA depositories would be good for 21 days and stocks in commercial warehouses would last for 20 days.
• Of this month’s total rice stocks, households accounted for 37 percent, NFA depositories shared 32 percent while commercial warehouses had 31 percent.

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

CORN 

• The July 1, 2013 total corn stock inventory was 123.2 thousand metric tons (Figure 2). This was 11.7 percent lower than last month’s record of 139.5 thousand metric tons and 11.6 percent below last year’s level of 139.4 thousand metric tons (Table 2).
• Compared with last month’s levels, stocks in the households and in NFA depositories grew by 4.7 percent and and 6.7 percent, respectively. On the other hand, stocks in commercial warehouses dropped by 19.2 percent.
• Against last year’s inventory records, this month’s holdings decreased by 22 percent in the households and 8.5 percent in commercial warehouses. However, stocks in NFA depositories grew from 0.16 thousand metric ton to 3.20 thousand metric tons.
• Of the current stock level, about 34.5 percent were with the households and 62.9 percent were with the commercial warehouses. NFA depositories accounted for about 2.6 percent.

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