RICE

• The total rice stock inventory as of December 1, 2015 was 3.44 million metric tons (Figure 1). This was 13.5 percent above the 3.03 million metric tons level in December 2014 and 10.8 percent higher than last month’s inventory level of 3.11 million metric tons (Table 1).
• Year-on-year, rice stocks in the households and in NFA depositories increased by 4.9 percent and 68.9 percent, respectively. However, stocks in commercial warehouses decreased by 0.2 percent.
• This month’s rice stocks in all sectors grew compared with their levels last month. Stocks in the households and in commercial warehouses increased by 8.5 percent and 10.6 percent, respectively. In addition, rice stocks in NFA depositories, with 84.6 percent imported rice, increased by 15.9 percent.
• Of this month’s total rice stock inventory, 47.8 percent were with the households, 28.4 percent were in commercial warehouses, and 23.8 percent in NFA depositories.
• The total rice inventory for this month would be adequate for 100 days. Stocks in the households would be sufficient for 47 days, those in commercial warehouses for 29 days, and those in NFA depositories for 24 days.

Table 1. Percentage change in the inventory of rice stocks, Philippines,
December 2015 and November 2015 and December 2014

CORN

• As of December 1, 2015, the total corn stock inventory was 265.2 thousand metric tons (Figure 2). This was 22.8 percent higher than last year’s record of 216.0 thousand metric tons but 11.1 percent lower than last month’s level of 298.2 thousand metric tons (Table 2).
• Compared with last year, corn stocks in the household and in commercial warehouses increased by 5.2 percent and 36.5 percent, respectively. On the other hand, stocks in NFA depositories decreased by 18.4 percent.
• Compared with last month, stock level in NFA depositories grew by 21.7 percent. However, corn stocks in the households and in commercial warehouses dropped by 9.9 percent and 11.9 percent, respectively.
• Around 63.0 percent of this month’s total corn stock inventory were in commercial warehouses, 36.5 percent were with the households, and 0.5 percent in NFA depositories.

Table 2. Percentage change in the inventory of corn stocks, Philippines,
December 2015 and November 2015 and December 2014