RICE

• As of June 1, 2012, total rice stock inventory was estimated at 2.29 million metric tons (Figure 1). This was 14.4 percent below last month’s level of 2.67 million metric tons and 26.1 percent lower than last year’s inventory of 3.09 million metric tons (Table 1).
• By sector, stocks held by households dropped by 25.5 percent compared with last month’s level. Those in commercial warehouses went down by 6.2 percent and stocks in NFA depositories decreased by 5.1 percent.
• Relative to last year’s records, stocks were lower by 3.5 percent in the households and by 54.6 percent in NFA depositories. On the other hand, stocks in commercial warehouses were higher by 1.9 percent.
• As of June 1, 2012, the total volume of rice stocks would be good for 67 days. Stocks in NFA depositories would last for 19 days, while those in commercial warehouses would be enough for 22 days. Household stocks would last for 26 days.
• Of the current rice stock level, about 38.6 percent were with the households, 32.8 percent were with the commercial warehouses and 28.6 percent were with the NFA depositories.

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

CORN

• The total corn stock as of June 1, 2012 stood at 182.4 thousand metric tons (Figure 2). The volume of stocks was 10.9 percent below last month’s inventory of 204.7 thousand metric tons and 22.2 percent lower than the previous year’s record of 234.5 thousand metric tons (Table 2).
• Comparisons with last month’s corn stock levels showed significant decreases of 27.9 percent in household stocks and 51.7 percent in the NFA depositories. Similarly, stocks in commercial warehouses went down by 3.0 percent.
• Against last year’s levels, stocks in the households dropped by 3.0 percent while those in commercial warehouses went down by 27.2 percent. Stocks held inNFA depositories increased from 0.03 thousand metric tons last year to 0.15 thousand metric tons this year.
• Around 74.5 percent of the current total stocks were with the commercial warehouses and 25.4 percent were with the households. The remainder was in NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, May 2012 and June 2011 and 2012