RICE STOCK

• The August 1, 2010 total rice stock inventory stood at 3.18 million metric tons (Figure 1). This was 5.1 percent lower than last month’s inventory, but surpassed last year’s level by 28.4 percent (Table 1).
• Stocks in the households and in NFA depositories decreased by 24.8 percent and 0.2 percent from their respective month ago levels. However, stocks in commercial warehouses were higher by 13.1 percent compared to last month’s inventory.
• Compared to last year’s records, stocks in the households went down by 7.9 percent. In contrast, stocks in NFA depositories, of which 86 percent were imported rice, were higher by 46.3 percent. Stocks  in commercial warehouses also grew by 32.5 percent.
• The August 1, 2010 inventory of rice stocks would be enough for 94 days. Stocks in NFA depositories would be good for 60 days, while those in commercial sector would be good for 14 days. Household stocks would last for 20 days.
• Around 21 percent of the current stocks were with the households, 15 percent were with the commercial warehouses, and 64 percent were with the NFA depositories.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, July 2010 and August 2009 and 2010

CORN STOCK

• The total corn stock inventory as of August 1, 2010 reached 126.5 thousand metric tons (Figure 2). This was 16.0 percent higher compared to last month’s record but 44.3 percent below last year’s level (Table 2).
• Compared to last month’s records, the volume of stocks in the household sector was higher by 35.5 percent. In the commercial sector, inventory was higher by 12.2 percent. On the other hand, stocks in NFA  depositories dropped by 21.6 percent.
• This month’s estimates showed stock drawdown by 29.8 in the households and by 47.2 percent in commercial warehouses compared to last year’s levels. NFA stock inventory was also lower by 66.2 percent from the same period last year.
• Of this month’s  total  corn  stocks, around 40 percent were with the households, 52 percent were with the commercial warehouses and 8 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, July 2010 and August 2009 and 2010