RICE STOCK

• The October 1, 2010 total rice stock inventory reached 3.15 million metric tons (Figure 1). It surpassed last month’s levels by 3.9 percent and last year’s record by 26.8 percent (Table 1).
• Comparative estimates with the stocks of last month showed significant increases in the households by 23.9 percent, and those in commercial warehouses by 26.9 percent. On the other hand, stocks in NFA depositories of which 85 percent were imported rice, dropped by 6.6 percent.
• Compared to last year’s inventory levels, stocks in commercial sector went up by 16.1 percent and those in NFA depositories by 52.5 percent. In contrast, stocks in the households dropped by 6.7 percent.
• The October 1, 2010 total rice stocks would be enough for 93 days. Stocks in NFA depositories would be good for 56 days, while those in the commercial sector would be good for 14 days. Household stocks would last for 23 days.
• Around 24 percent of the current stocks were with the households, 16 percent with the commercial warehouses, and 60  percent with the NFA depositories.

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

CORN STOCK

• The total corn stock inventory as of October 1, 2010 was estimated at 354.0 thousand metric tons (Figure 2). This was 22.1 percent higher compared to last month’s volume, but 2.4 percent lower than last year’s level (Table 2).
• Compared to last month’s records, stocks in the  household  sector  grew by 23.7 percent. In the commercial sector, inventory was higher by 25.0 percent. On the other hand, stocks in NFA depositories went down by 43.7 percent.
• This month’s estimates showed stock drawdown by 28.1 percent in commercial warehouses and by 85.0 percent in NFA depositories compared to last year’s levels. However,  stocks in the households grew by  35.7 percent.
• Of this month’s total corn stocks, around 67 percent were with the households, 31 percent with the commercial warehouses and 2 percent with the NFA depositories.

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