RICE

• The total rice stock inventory as of November 1, 2015 was 3.11 million metric tons (Figure 1). This was 5.2 percent above the 2.95 million metric tons level in November 2014 and 41.5 percent higher than last month’s inventory level of 2.20 million metric tons (Table 1).
• Compared with last year, rice stocks in NFA depositories increased by 64.3 percent. On the other hand, stocks in the households and in commercial warehouses decreased by 6.3 percent and 2.3 percent, respectively.
• Compared with last month, stock levels in the households and in commercial warehouses grew by 95.1 percent and 32.4 percent, respectively. However, rice stocks in NFA depositories, with 88.3 percent imported rice, dropped by 5.9 percent.
• Of this month’s total rice stock inventory, 48.8 percent were with the households, 28.4 percent were in commercial warehouses, and 22.8 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 91 days. Stocks in the households would be good for 44 days, those in commercial warehouses for 26 days, and those in NFA depositories for 21 days.

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

CORN

• As of November 1, 2015, the total corn stock inventory was 298.2 thousand metric tons (Figure 2). This was 24.5 percent higher than last year’s record of 239.5 thousand metric tons but 29.1 percent lower than last month’s level of 420.7 thousand metric tons (Table 2).
• Year-on-year, corn stocks in commercial warehouses increased by 47.2 percent. On the other hand, stocks in the households and in NFA depositories decreased by 1.4 percent and 37.5 percent, respectively.
• Month-on-month, stock level in NFA depositories grew by 9.8 percent. However, corn stocks in the households and in commercial warehouses dropped by 41.1 percent and 20.1 percent, respectively.
• Around 63.6 percent of this month’s total corn stock inventory were in commercial warehouses, 36.0 percent were with the households, and 0.4 percent in NFA depositories.

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