RICE STOCK

• The June 1, 2009 total rice stock inventory was estimated at 2.68 million metric tons, 0.02 percent lower than its month ago level but 21.5 percent higher than last  year’s record.
• These estimates indicated  stock  draw  down in the households by 16.3 percent from last month’s level. On the other hand, stock inventories in commercial warehouses  went up by 0.7 percent. Stocks in NFA depositories, of which 71 percent were imported rice, went up by 17.6 percent compared to the stock levels last month.
• Compared to last  year’s records, stocks in the households went up by 0.9 percent and stocks in NFA depositories grew by 61.2 percent. In contrast, stocks in commercial warehouses dropped by 2.2 percent.
• As of June 1, 2009, rice stocks at NFA depositories would be good for 36 days, while those in commercial sector would be good for 13 days. Household stocks would last for 28 days. Thus, the total volume  of rice stocks would be enough for 77 days.

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

CORN STOCK

• The total corn stock inventory as of June 1, 2009 amounted to 184  thousand  metric tons. This was lower by 20.8 percent than last month’s level and 21  percent  below that of the same period last year.
• Among households, stock dropped by 43.3 percent from last month’s inventory and by 14.6 percent from last year’s level. Reductions were also noted in the commercial sector, by 9.2 percent and 22.8 percent from last month’s and last year’s record, respectively.
• Around 24 percent of the  current  corn stocks were with the households while 76 percent were with the commercial warehouses. NFA did not have any corn stocks during the inventory period.

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