RICE STOCK

• The country’s total rice stock inventory as of December 1, 2010 reached 3.91 million metric tons (Figure 1). It surpassed last month’s level by 3.0 percent and last year’s record by 34.9 percent (Table 1).
• Comparative estimates with the stocks of last month showed increases in the households by 11.7 percent, and those in commercial warehouses by 0.8 percent. On the other hand, stocks in NFA depositories, of which  80 percent were imported rice, dropped by 2.4 percent.
• This month’s stock inventory showed increments compared to last year’s levels by 5.1 percent in the households and by 51.4 percent in commercial warehouses. NFA stock inventory was also higher by 65.7 percent  from  last year’s record.
• The December 1, 2010 inventory of rice stocks would be enough for 115 days. Stocks in NFA depositories would be good for 52 days, while those in the commercial sector would be good for 21 days. Household stocks would last for 42 days.
• Around 37 percent of the current rice stocks were with the households, 18 percent were with the commercial warehouses, and 45 percent were with the NFA depositories.

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

CORN STOCK

• As of December 1, 2010, the total corn stock inventory amounted to 178.5 thousand metric tons. This was 29.7 percent lower compared to last month’s level and 34.6 percent below last year’s record.
• Compared with those of last month’s levels, this month’s estimates showed stock drawdown by 30.8 percent in the households and by 27.6 percent in commercial warehouses. NFA stock was also lower by 50.0 percent from last month’s inventory.
• Compared to last year,  volume of stocks in the households was higher by 19.9 percent. In contrast, stocks in commercial sector and in NFA depositories dropped by 25.3 percent and 97.4 percent, respectively.
• Around 52 percent of this month’s total corn stocks were with the households, 47 percent with the commercial warehouses and 1 percent with the NFA depositories.

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