RICE

• The total rice stock inventory as of May 1, 2013 was 2.61 million metric tons (Figure 1). It was 12.3 percent above the previous month’s level of 2.33 million metric tons but 2.2 percent below last year’s record of 2.67 million metric tons. (Table 1).
• Compared to previous month’s stock position, this month’s holdings in the households increased by 12.4 percent and those in the commercial warehouses grew by 18.8 percent. The volume of stocks in NFA depositories, of which 20 percent were imported rice, was higher by 4.7 percent.
• Against last year’s levels, stocks in the households went up by 1.6 percent while those in commercial warehouses inched up by 0.04 percent. However, stocks in NFA depositories dropped by 11.4 percent.
• As of May 1, 2013, the total volume of rice stocks would be enough for 77 days. Household stocks could cover requirements for 35 days. Stocks in commercial warehouses would last for 24 days while those in NFA depositories would be good for 18 days.
• Of this month’s total rice stocks, households accounted for 46 percent, commercial warehouses had 31 percent while NFA shared 23 percent.

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

CORN

• Total corn stock inventory as of May 1, 2013 was estimated at 230.8 thousand metric tons (Figure 2). This was 22.8 percent lower than last month’s level of 299.1 thousand metric tons but 12.8 percent more than last year’s record of 204.7 thousand metric tons (Table 2).
• Comparisons with last month’s corn stock levels showed significant decreases of 57.9 percent in the households and 0.5 percent in commercial warehouses. The volume of stocks in NFA depositories increased from 0.4 thousand metric ton to 2.4 thousand metric tons.
• Compared to last year’s records, stocks in the households dropped by 21.3 percent. In contrast, those in commercial warehouses increased by 26.9 percent. Stocks in NFA depositories grew from 0.3 thousand metric ton last year to 2.4 thousand metric tons this year.
• Of the current stock level, about 22.0 percent were with the households and 77.0 percent were with the commercial warehouses. The remainder was in NFA depositories.

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