RICE

• As of February 1, 2015, the total rice stock inventory was 2.35 million metric tons (Figure 1). This was 17.3 percent above the 2.00 million metric tons record in February 2014 but 11.7 percent lower than last month’s inventory of 2.66 million metric tons (Table 1).
• Month-on-month, rice stocks in the households and in commercial warehouses decreased by 20.8 percent and 5.2 percent, respectively. However, stocks in NFA depositories, with 96.7 percent imported rice, grew by 1.3 percent.
• Year-on-year, stocks in commercial warehouses and in NFA depositories grew by 62.4 percent and 15.6 percent, respectively. On the other hand, stocks in the households dropped by 1.9 percent.
• Around 44.7 percent of this month’s total rice stock inventory were with the households, 32.8 percent in commercial warehouses and 22.5 percent in NFA depositories.
• The total rice inventory for this month would be adequate for 69 days. Stocks in the households would be good for 31 days. Those in commercial warehouses would be enough for 23 days, and in NFA depositories for 15 days.

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

CORN

• The total corn stock inventory as of February 1, 2015 was 252.8 thousand metric tons (Figure 2). This was 17.1 percent above last year’s record of 215.9 thousand metric tons and 37.4 percent higher than last month’s level of 184.0 thousand metric tons (Table 2).
• Compared with last month, corn stock level in commercial warehouses grew by 72.1 percent. On the other hand, stocks in the households and in NFA depositories dropped by 1.6 percent and 7.7 percent, respectively.
• Compared with last year, stock level in commercial warehouses increased by 125.2 percent. However, stocks in the households and in NFA depositories decreased by 36.2 percent and 85.7 percent, respectively.
• Around 66.3 percent of this month’s total corn stock inventory were with the commercial warehouses, 33.1 percent were with the households and 0.6 percent were with the NFA depositories.

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