RICE

• The total rice stock inventory as of October 1, 2014  was  1.81  million metric tons (Figure 1). This was 21.3 percent higher than last month's inventory of 1.49 million metric  tons and 1.9 percent above the 1.77 million metric tons record in October 2013. (Table 1).
• Compared with last month, rice stocks in households and in commercial warehouses increased by 39.8 percent and 18.8 percent, respectively. On the other hand, rice stock level in NFA depositories, with  97.1  percent imported rice, decreased  by  0.8 percent.
• Compared with last year, rice stocks held by commercial warehouses and in NFA depositories grew by 9.4 percent and 15.5 percent, respectively. However, stocks  in  households dropped by 7.8 percent.
• Around 46.2 percent of this month's total rice stock inventory  were with the households, 28.9 percent in commercial warehouses and 24.9 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 53 days. Stocks in the households would be adequate for 25 days, in commercial warehouses for 15 days, and in NFA depositories for 13 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, OCtober 2013 and September 2014 and October 2014

CORN

• As of October 1, 2014, the total corn stock inventory was 408.3 thousand metric tons (Figure 2). This was 45.8 percent higher than last month's level of 280.0 thousand metric tons and
  87.8 percent above last year's  record of 217.4 thousand metric tons (Table 2).
• Month-on-month, corn stock levels in the households grew by 104.3 percent. However, stocks in commercial warehouses and in NFA depositories dropped by 10.8 percent and 33.4 percent, respectively.
• Compared  with  last year, stock levels in the households and in commercial warehouses increased  by 129.9 percent and 49.9  percent, respectively. On the other hand, stocks in NFA depositories declined by 83.1 percent.
• Around 69.2 percent of this month's total corn stock inventory were with the households, 30.3 percent were with the commercial warehouses and 0.5 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, OCtober 2013 and September 2014 and October 2014