RICE STOCK

• The country’s total rice stock inventory as of July 1, 2009 was estimated at 2.78 million metric tons. This was around 93 thousand metric tons or 3.46 percent higher than last month’s level, and 27.1 percent higher than last year’s stock for the same period.
• Compared to last month’s levels, this month’s household stock was lower by 8.3 percent and stock in commercial warehouses was also down by 6.3 percent. Stocks in NFA depositories, of which 76 percent were imported rice, was higher by 16.3 percent compared to last month.
• Comparative estimates with those of last year indicated increased inventories in all sectors. Household stocks went up by 2.0 percent and stocks in commercial warehouses grew by 7.3 percent. Stocks in NFA depositories were also higher by 60.0 percent.
• As of July 1, 2009, rice stocks at NFA depositories would be good for 41 days, while those in commercial sector would be good for 12 days. Household stocks would last for 26 days. The total volume of rice stocks would be enough for 79 days.

Table 1. Rice Stock Inventory: Household, Commercial and NFA, Philippines, July 1, 2009

CORN STOCK

• The July 1, 2009 total corn stock inventory reached 218 thousand metric tons. This was higher by 18.8 percent than last month’s level but 15.5 percent below that of  the same period last year.
• Household stock levels were higher by 78.0 percent from last month’s record   and by 36.2 percent from last year’s level. Reductions were noted in the commercial sector by 7.5 percent from last month’s stocks and 35.6 percent from last year’s record.
• Of this month’s total corn stocks, around 36.0 percent were with households, 59.0 percent with commercial warehouses and 5.0 percent with NFA depositories.

Table 2. Corn Stock Inventory: Household, Commercial and NFA, Philippines, July 1, 2009