RICE

• The total rice stock as of November 1, 2012 was 2.78 million metric tons (Figure 1). The volume of stocks was 39.3 percent more than last month’s level of 2.00 million metric tons but 13.4 percent below last year’s record of 3.21 million metric tons. (Table 1).
• This month’s stock levels in all sectors were higher than last month’s records. Stocks in the households grew by 54.2 percent. Those in the commercial warehouses increased by 39.9 percent. In the NFA depositories, stocks went up by 11.2 percent, of which, 41 percent were imported rice.
• Compared to last year’s inventory records, stocks in the households went up by 8.7 percent and those in the commercial warehouses increased by 9.8 percent. However, stocks in NFA depositories dropped by 52.3 percent.
• The November 1, 2012 total rice stock inventory would be enough for 82 days. Household stocks would last for 42 days. Stocks in commercial warehouses would last for 23 days while those in NFA depositories would be good for 17 days.
• Of this month’s total rice stocks, 51.7 percent were with the households, 28.1 percent were with the commercial warehouses and 20.2 percent were with the NFA depositories.

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

CORN 

• The November 1, 2012 total corn stock inventory was estimated at 204.0 thousand metric tons (Figure 2). This was 6.1 percent lower than the previous month’s record of 217.1 thousand metric tons but 1.5 percent higher than last year’s level of 200.9 thousand metric tons (Table 2).
• Relative to last month’s records, stocks were higher by 42.1 percent in commercial warehouses and by 8.3 percent in NFA depositories. In contrast, stocks in the households dropped by 41.2 percent.
• Compared to last year’s levels, stocks in commercial warehouses went up by 3.3 percent and those in NFA depositories increased from 0.08 thousand metric tons last year to 0.26 thousand metric tons this year. On the other hand, stocks in the households decreased by 1.7 percent.
• About 36.2 percent of this month’s inventory were with the households and 63.7 percent were with the commercial warehouses. The remainder was in NFA depositories.

Table 1. Percentage change in the inventory of corn stocks,
Philippines, October 2012 and November 2011 and 2012