RICE

• The total rice stock as of February 1, 2012 was 2.33 million metric tons (Figure 1). The volume of stocks was 11.4 percent below last month’s inventory of 2.63 million metric tons and 23.6 percent lower than the previous year’s record of 3.05 million metric tons (Table 1).
• Compared to last month’s levels, stocks in the households dropped by 13.9 percent. Stocks in NFA depositories, of which 51 percent were imported rice, went down by 15.9 percent. In contrast, stocks in commercial warehouses grew by 0.4 percent.
• Relative to last year’s records, stocks were lower by 4.7 percent in the households and by 45.7 percent in NFA depositories. On the other hand, stocks in commercial warehouses were higher by 11.7 percent.
• The total rice stocks would be enough for 69 days. Stocks in NFA depositories would be good for 26 days, those in the households would last for 25 days. Stocks in commercial warehouses would be enough for 18 days.
• Of this month’s stock level, about 36 percent were with the households, 26 percent were with the commercial warehouses and 38 percent were with the NFA depositories.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, January 2012 and February 2011 and 2012

CORN

• The February 1, 2012 total corn stock inventory was estimated at 129.8 thousand metric tons (Figure 2). This was 21.8 percent lower than last month’s level of 165.9 thousand metric tons, and 16.3 percent below than last year’s inventory of 155.1 thousand metric tons (Table 2).
• Against last month’s levels, stocks in the households dropped by 5.7 percent while those in commercial warehouses went down by 31.4 percent. There were no stocks recorded in NFA depositories.
• Compared to last year’s record, all sectors reported decreases in inventory levels. Stocks were down by 29.5 percent in the households, by 1.1 percent in commercial warehouses and by 75.7 percent in NFA depositories.
• Of the current stock level, about 44.8 percent were with the households, 55.1 percent were with the commercial warehouses and 0.1 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, January 2012 and February 2011 and 2012