RICE STOCK

• The total rice stock inventory as of February 1, 2011 was 3.05 million metric tons (Figure 1). This was lower by 10.9 percent from previous month’s stock volume of 3.42 million metric tons, but higher by 23.8 percent compared to last year’s level of 2.46 million metric tons (Table 1).
• Compared to previous month’s stock position, this month’s holdings dropped by 22.1 percent in the households, 1.4 percent in commercial warehouses and 6.7 percent in NFA depositories.
• Comparative estimates with those of last year indicated reduced stocks in the households by 16.3 percent. However, volume of stocks increased by 37.9 percent in commercial warehouses and 60.5 percent in NFA depositories of which 74 percent were imported rice.
• The total rice stocks would be enough for 90 days. Stocks in NFA depositories would be good for 48 days, while those in the commercial warehouses would be good for 16 days. Household stocks would last for 26 days.
• Of this month’s total rice stocks, 29 percent were with the households, 18 percent  were with the commercial warehouses, and 53 percent were with the NFA depositories.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, January 2011 and February 2010-2011

CORN STOCK

• As  of  February 1, 2011, the total corn stock amounted to 155.1 thousand metric tons (Figure  2). This was 1.7  percent higher than last month’s level of 152.5 thousand metric tons, but 37.9 percent lower  than  last  year’s  record  of  249.9 thousand metric tons (Table 2).
• Compared to last month’s inventory, volume of stocks in the household sector was higher by 9.6 percent. On the other hand, stocks in commercial sector dropped by 5.1  percent  and  in  NFA depositories by 70.0 percent.
• Against last year’s levels, stocks in the households grew by 22.2 percent. However, stocks in commercial warehouses and in NFA depositories dropped by 20.6 percent and 99.7 percent, respectively.
• Around 53.2 percent of this month’s total corn stocks were with the households, 46.6 percent with the commercial warehouses and 0.2 percent in NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, January 2011 and February 2010-2011