RICE

• The total rice stock inventory as of December 1, 2014 was 3.03 million metric tons (Figure 1). This was 2.7 percent higher than last month’s inventory of 2.95 million metric tons and 21.6 percent above the 2.49 million metric tons record in December 2013 (Table 1).
• Compared with last month, rice stocks in commercial warehouses increased by 8.3 percent. Likewise, stocks in NFA depositories, with 96.5 percent imported rice, grew by 12.7 percent. On the other hand, rice stock level in the households decreased by 3.2 percent.
• This month’s rice stock levels in all sectors were higher over their respective levels in the same period last year. Stocks in the households and in commercial warehouses increased by 9.0 percent and 29.5 percent, respectively. Rice stocks in NFA depositories similarly increased by 62.0 percent.
• Around 51.7 percent of this month’s total rice stock inventory were with the households, 32.3 percent in commercial warehouses and 16.0 percent in NFA depositories.
• The total rice inventory for this month would be adequate for 89 days. Stocks in the households would be sufficient for 46 days, in commercial warehouses for 29 days, and in NFA depositories for 14 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, December 2013 and November 2014 and December 2014

CORN

• As of December 1, 2014, the total corn stock inventory was 216.0 thousand metric tons (Figure 2). This was 9.8 percent lower than last month’s level of 239.5 thousand metric tons. However, this was 14.1 percent above last year’s record of 189.4 thousand metric tons (Table 2).
• This month’s corn stock levels in all sectors dropped compared with their levels last month. Corn stock levels in the households dropped by 15.5 percent, in commercial warehouses by 5.1 percent, and in NFA depositories by 6.9 percent.
• Compared with last year, stock levels in the households and in commercial warehouses were up by 12.3 percent and 26.1 percent, respectively. However, stocks in NFA depositories decreased by 84.1 percent.
• Around 56.6 percent of this month’s total corn stock inventory were with the commercial warehouses, 42.6 percent were with the households and 0.8 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, December 2013 and November 2014 and December 2014