RICE

• As of November 1, 2014, the total rice stock inventory was 2.95 million metric tons (Figure 1). This was 63.6 percent higher than last month’s inventory of 1.81 million metric tons and 21.1 percent above the 2.44 million metric tons record in November 2013 (Table 1).
• Month-on-month, rice stocks in households and in commercial warehouses increased by 94.1 percent and 73.0 percent, respectively. On the other hand, rice stock level in NFA depositories, with 97.2 percent imported rice, decreased by 4.0 percent.
• This month’s rice stock levels in all sectors surpassed their respective levels in the same period last year. Stocks in the households and in commercial warehouses increased by 11.8 percent and 41.8 percent, respectively. Rice stocks in NFA depositories similarly increased by 21.9 percent.
• Around 54.8 percent of this month’s total rice stock inventory were with the households, 30.6 percent in commercial warehouses and 14.6 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 87 days. Stocks in the households would be good for 47 days, in commercial warehouses for 27 days, and in NFA depositories for 13 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, November 2013 and October 2014 and November 2014

CORN 

• The total corn stock inventory as of November 1, 2014 was 239.5 thousand metric tons (Figure 2). This was 41.3 percent lower than last month’s level of 408.3 thousand metric tons but 30.8 percent above last year’s record of 183.1 thousand metric tons (Table 2).
• Compared with last month, corn stock levels in commercial warehouses grew by 4.1 percent. However, stocks in the households and in NFA depositories dropped by 61.4 percent and 12.3 percent, respectively.
• Compared with last year, stock levels in the households were up by 38.8 percent. Those in commercial warehouses grew by 36.9 percent. On the other hand, stocks in NFA depositories declined by 83.0 percent.
• Around 53.8 percent of this month’s total corn stock inventory were with the commercial warehouses, 45.5 percent were with the households and 0.7 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, November 2013 and October 2014 and November 2014