RICE 

• The October 1, 2012 total rice stock inventory was estimated at 2.00 million metric tons (Figure 1). This was 38.6 percent higher than the previous month’s record of 1.44 million metric tons but 27.0 percent lower than last year’s level of 2.74 million metric tons. (Table 1).
• Relative to last month’s records, stock levels in the households and commercial warehouses were higher this month by 76.6 percent and 42.8 percent, respectively. Meanwhile, the volume of stocks in NFA depositories went down by 2.9 percent. About 45 percent of the stocks were imported rice.
• Compared to October 2011 levels, stocks were lower by 13.2 percent in commercial warehouses and by 60.0 percent in NFA depositories. In contrast, rice stocks in the households grew by 12.6 percent.
• As of October 1, 2012, the volume of rice stocks would be good for 58 days. Stocks in NFA depositories would last for 15 days, while those in commercial warehouses would be enough for 16 days. Household stocks would last for 27 days.
• Of the current rice stock level, about 46.7 percent were with the households, 28.0 percent were with the commercial warehouses and 25.3 percent were with the NFA depositories.

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

CORN 

• The total corn stock inventory as of October 1, 2012 stood at 217.1 thousand metric tons (Figure 2). This was 5.7 percent more than last month’s inventory of 205.5 thousand metric tons but 18.1 percent less than last year’s level of 265.2 thousand metric tons (Table 2).
• Comparisons with last month’s corn stock levels showed decreases of 6.7 percent in the households and 17.2 percent in NFA depositories. However, stocks in commercial warehouses increased by 29.2 percent.
• Against last year’s levels, stocks in the households dropped by 14.2 percent while those in commercial warehouses went down by 23.0 percent. Stocks held in NFA depositories increased from 0.08 thousand metric tons last year to 0.24 thousand metric tons this year.
• Around 42.1 percent of the current total corn stocks were with the commercial warehouses and 57.8 percent were with the households.

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