RICE

• As of June 1, 2014, the total rice stock inventory was 2.306 million metric tons (Figure 1). This was 8.5 percent lower than last month’s inventory of 2.52 million metric tons and 0.3 percent below the record in June 2013 of 2.313 million metric tons. (Table 1).
• Month-on-month, rice stock level in the households decreased by 18.4 percent. Also, stocks in NFA depositories, with 90.4 percent imported rice, decreased by 12.8 percent. On the other hand, stocks in commercial warehouses increased by 12.4 percent.
• Compared with last year, rice stocks in the households and in commercial warehouses grew by 12.9 percent and 14.1 percent, respectively. However, stocks in NFA depositories dropped by 36.3 percent.
• Of the current stock level, 47.0 percent were with the households, 35.4 percent in commercial warehouses and 17.6 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 68 days. Stocks in the households would be enough for 32 days, in commercial warehouses for 24 days, and NFA depositories for 12 days.

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

CORN

• The total corn stock inventory as of June 1, 2013 was 188.5 thousand metric tons (Figure 2). This was 29.7 percent lower than last month’s level of 268.0 thousand metric tons. However, this was 35.1 percent more than last year’s record of 139.5 thousand metric tons (Table 2).
• Corn stock levels in all sectors decreased compared with last month’s record. Stock levels in the households and in commercial warehouses dropped by 38.7 percent and 25.8 percent, respectively. Also, corn stocks in NFA depositories decreased by 11.5 percent.
• Year-on-year, corn stocks in the households and in commercial warehouses grew by 32.0 percent and 34.6 percent, respectively. In addition, stocks in NFA depositories grew from 3.0 thousand metric tons in 2013 to 5.8 thousand metric tons this year.
• Around 68.5 percent of this month’s total corn stock inventory were with the commercial warehouses, 28.4 percent were with the households and 3.1 percent were with the NFA depositories.

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