RICE

• The total rice stock inventory as of May 1, 2015 was 3.17 million metric tons (Figure 1). This was 25.7 percent above the 2.52 million metric tons record in May 2014 and 24.6 percent higher than last month’s inventory of 2.54 million metric tons (Table 1).
• Compared with last year’s record, rice stocks were higher in all sectors. Stock levels in the households increased by 12.3 percent, in commercial warehouses by 46.6 percent and in NFA depositories by 31.0 percent.
• This month’s rice stocks in all sectors grew compared with their levels last month. Stocks in households increased by 18.6 percent and in commercial warehouses by 33.0 percent. In addition, stocks in NFA depositories, with 91.3 percent imported rice, increased by 25.9 percent.
• Around 47.0 percent of this month’s total rice stock inventory were with the households, 33.7 percent in commercial warehouses and 19.3 percent in NFA depositories.
• The total rice inventory for this month would be adequate for 93 days. Stocks in the households would be enough for 44 days. Those in commercial warehouses would be enough for 31 days, and in NFA depositories for 18 days.

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

CORN

• As of May 1, 2015, the total corn stock inventory was 223.3 thousand metric tons (Figure 2). This was 16.7 percent lower than last year’s record of 268.1 thousand metric tons and 34.4 percent below last month’s level of 340.2 thousand metric tons (Table 2).
• Corn stocks in all sectors dropped compared with their last year’s record. Stocks in the households decreased by 18.1 percent, in commercial warehouses by 14.1 percent, and in NFA depositories by 66.5 percent.
• Compared with their last month’s record, stocks in households and in commercial warehouses decreased by 60.2 percent and 5.5 percent, respectively. On the other hand, corn stocks in NFA depositories increased by 20.3 percent.
• Around 66.9 percent of this month’s total corn stock inventory were with the commercial warehouses, 32.1 percent were with the households and 1.0 percent in NFA depositories.

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