RICE STOCK

• The total rice stock inventory as of December 1, 2009 was estimated at 2,897.3 thousand metric tons. It was 2.1 percent lower than last month’s record and 1.9 percent less than last year’s level.
• Stocks in the households increased by 1.2 percent from the month ago level. In contrast, stocks in NFA depositories, of which 66 percent were imported rice, went down by 6.5 percent. Stocks in commercial warehouses dropped by 0.7 percent.
• Compared to previous year’s levels,  a reduction of 8.0 percent in stock inventories was recorded in the households. In commercial warehouses, stocks were down by 10.2 percent. However, the volume of stocks  in NFA depositories increased by 11.9 percent.
• The total rice stocks would be enough for 83 days. Stocks in NFA depositories would be good for 31 days, while those in commercial sector would be good for 13 days. Household stocks would last for 39 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, November 2009 and December 2008 and 2009

CORN STOCK

• The December 1, 2009 total corn stock amounted to 272.8 thousand metric tons. This was 7.4 percent lower compared to last month’s level but 31.7 percent higher than last year’s record.
• Compared to last month’s levels, stocks in the household sector went down by 7.2 percent and in the commercial sector by 16.5 percent. On the other hand, stocks in NFA depositories increased by 8.5 percent.
• Compared to last year, stocks inventory in the households dropped by 23.7 percent, while stocks in commercial warehouses went up by 5.9 percent.
• Of this month’s total corn stock, 28 percent were with households, 42 percent with the commercial warehouses while 30 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, November 2009 and December 2008 and 2009