RICE STOCK

• The total rice stock inventory as of November 1, 2010 was estimated at 3.79 million  metric tons (Figure 1). The volume of stocks  was higher than the previous month’s level by 20.4 percent and 28.3 percent more than last year’s inventory (Table 1).
• Compared to last month’s level, household stocks went up by 67.4 percent while stocks in commercial warehouses also grew by 43.4 percent. In contrast, stocks  in  NFA depositories, of which 84  percent  were imported rice, went down by 4.4 percent.
• Comparative estimates with those of last year indicated increases in the stocks inventory in commercial warehouses by 49.2 percent and in NFA depositories by 58.8 percent. On the other hand, stocks in the households went down by 4.8 percent compared to same period last year.
• The November 1, 2010 total rice stocks would be enough for 111 days. Stocks in NFA depositories would be good for 53 days, while those in the commercial sector would be good for 20 days. Household stocks would last for 38 days.
• Of this month’s total rice stocks, around 34 percent were with the households, 18 percent with the commercial  warehouses,  and  48 percent with the NFA depositories.

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

CORN STOCK

• The November 1, 2010 total corn stock inventory of 253.8 thousand metric tons was 28.3 percent lower compared to last month’s record. It was also below last year’s level by 13.8 percent.
• Compared to last month, stock position in the households dropped by 44.2 percent and in NFA depositories by 10.2 percent. On the other hand, stocks in  commercial warehouses went up by 4.8 percent.
• Relative to last year’s level, stocks in the households were higher by 60.9 percent. However, stocks in commercial warehouses dropped by 13.9 percent and in NFA depositories by 94.3 percent.
• Around 52 percent of this month’s total corn stocks were with the households, 46 percent with the commercial warehouses and 2 percent with the NFA depositories.

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