RICE STOCK

• The country’s total rice stock inventory as of February 1, 2010 reached 2.46 million metric tons. It was 6.3 percent lower than last month’s record but 6.0 percent more than last year’s level.
• Compared to last month, household stocks went down by 12.0 percent, while stocks in commercial warehouses also dropped by 11.0 percent. In contrast, stocks in NFA depositories, of which 67 percent were imported rice, grew by 2.8 percent.
• Comparative estimates with those of last year indicated reduced stock in the households by 3.2 percent. The volume of stocks in commercial warehouses increased by 2.4 percent and in NFA depositories by 19.6 percent.
• The total rice stocks would be enough for 70 days. Stocks in NFA depositories would be good for 29 days, while those in commercial warehouses would be good for 11 days. Household stocks would last for 30 days.

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

CORN STOCK

• As of February 1, 2010, the total corn stock amounted to 249.9 thousand metric tons. This was 1.8 percent lower compared to last month’s level but 52.8 percent higher than last year’s record.
• Compared to last month, volume of stocks in the household sector was higher by 5.0 percent. On the other hand, stocks in commercial sector dropped by 7.4 percent and in NFA depositories by 0.4 percent.
• Compared to last year, stocks in the households were lower by 24.8 percent but in commercial warehouses these went up by 23.5 percent.
• Of this month’s total corn stocks, 27 percent were with households, 36 percent with the commercial warehouses, while 37 percent were with the NFA depositories.

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