RICE 

• The total rice stock inventory as of November 1, 2013 was 2.44 million metric tons (Figure 1). This was 37.7 percent higher than last month’s inventory of 1.77 million metric tons but 12.4 percent below last year’s record of 2.78 million metric tons. (Table 1).
• Compared with previous month’s stock situation, this month’s rice stock grew by 60.0 percent in the households and 33.5 percent in commercial warehouses. However, volume of stocks in NFA depositories, of which 44 percent were imported rice, decreased by 9.0 percent.
• Against last year’s levels, stocks in commercial warehouses and in NFA depositories were lower by 18.6 percent and 37.1 percent, respectively. On the other hand, rice stock inventory of households increased by 0.6 percent.
• As of November 1, 2013, total rice stock inventory would be enough for 72 days. Stocks in the households would last for 43 days, in commercial warehouses for 19 days, and in NFA depositories for 10 days.
• The present stock level were 59.4 percent in the households, 26.1 percent in commercial warehouses and 14.5 percent in NFA depositories.

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

CORN 

• The total corn stock inventory as of November 1, 2013 was 183.1 thousand metric tons (Figure 2). This was 15.8 percent lower than last month’s level of 217.4 thousand metric tons and 7.2 percent below last year’s record of 197.3 thousand metric tons (Table 2).
• Compared with previous month, this month’s stock level in the commercial sector increased by 14.1 percent. On the other hand, corn inventories in the households and in NFA depositories were down by 36.1 percent and 12.5 percent, respectively.
• Compared with last year’s record, corn stocks of households grew by 17.2 percent. In NFA depositories, corn stocks increased from 0.26 thousand metric tons last year to 10.5 thousand metric tons this year. Corn stocks in commercial warehouses decreased by 27.6 percent
• Around 51.4 percent of this month’s total corn stock inventory was with the commercial sector. About 42.9 percent were with the households and 5.7 percent were with the NFA depositories.

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