RICE

• The total rice stock inventory as of July 1, 2014, was 2.03 million metric tons (Figure 1). This was 12.2 percent lower than last month’s inventory of 2.31 million metric tons and 7.7 percent below the 2.19 million metric tons record in July 2013. (Table 1).
• Compared with last month, rice stocks in NFA depositories, with 94.4 percent imported rice, increased by 12.1 percent. However, stock levels in the households and in commercial warehouses decreased by 18.7 percent and 15.7 percent, respectively.
• Compared with last year, rice stocks in the households and in commercial warehouses grew by 8.3 percent and 0.7 percent, respectively. On the other hand, stocks in NFA depositories dropped by 34.6 percent.
• Of the present stock level, 43.4 percent were with the households, 34.1 percent in commercial warehouses and 22.5 percent in NFA depositories.
• The total rice inventory for this month would be good for 59 days. Stocks in the households would be sufficient for 26 days, in commercial warehouses for 20 days, and NFA depositories for 13 days.

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

CORN

• As of July 1, 2014, the total corn stock inventory was 161.8 thousand metric tons (Figure 2). This was 14.2 percent lower than last month’s level of 188.5 thousand metric tons. However, this was 31.3 percent more than last year’s record of 123.2 thousand metric tons (Table 2).
• Month-on-month, corn stock levels in the households increased by 0.7 percent. However, stocks in commercial warehouses and in NFA depositories decreased by 21.0 percent and 0.2 percent, respectively.
• Corn stock levels in all sectors increased compared with last year’s record. Stock levels in the households and in commercial warehouses grew by 27.0 percent and 31.6 percent, respectively. In addition, stocks in NFA depositories grew from 3.2 thousand metric tons in the same period last year to 5.8 thousand metric tons this year.
• Around 63.0 percent of this month’s total corn stock inventory were with the commercial warehouses, 33.4 percent were with the households and 3.6 percent were with the NFA depositories.

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