RICE STOCK

• The country’s total rice stock inventory as of July 1, 2010 was estimated at 3.35 million metric tons (Figure 1). This was 0.1 percent lower than last month’s level, but 20.8 percent higher than last year’s record (Table 1).
• This month’s inventory of household stocks was lower by 8.3 percent compared to last month’s level. The volume of stocks in commercial warehouses was also down by 7.6 percent. However, the inventory of stocks in NFA depositories, of which 85 percent were imported rice, was higher by 5.8 percent.
• Compared with those of last year’s records, stocks in NFA depositories increased by 40.2 percent and those in commercial warehouses, by 1.3 percent. On the other hand, stock holdings in the households dropped by 1.3 percent.
• As of July 1, 2010 rice stocks in NFA depositories would be good for 60 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 98 days.
• Of this month’s total rice stocks, around 26 percent were with the households, 13 percent were with the commercial warehouses and 61 percent were with the NFA depositories.

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

CORN STOCK

• The July 1, 2010 total corn stock inventory reached 109.1 thousand metric tons (Figure 2). This was 27.0 percent below last month’s level and 50.1 percent lower than last year’s inventory (Table 2).
• Compared to last month’s levels, there were reductions of 63.3  percent  in NFA depositories and 26.9 percent in the commercial sector. However, the volume of stocks in the household sector increased by 12.7 percent.
• Relative to last year’s inventory records, stocks in the households were lower by 53.2 percent and those in commercial warehouses dropped by 54.6 percent. In contrast, stocks  in NFA depositories went up by 31.4 percent.
• Around 34 percent of the current corn stocks were with the households, 54 percent were with the commercial warehouses, while 12 percent  were with the NFA depositories.

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