RICE

• The February 1, 2013 total rice stock inventory was estimated at 2.02 million metric tons (Figure 1). This was 19.8 percent lower than the previous month’s record of 2.52 million metric tons and 13.2 percent below last year’s level of 2.33 million metric tons. (Table 1).
• Comparisons with last month’s rice stock levels showed significant decreases of 31.9 percent in the households and 10.5 percent in commercial warehouses. The volume of stocks in NFA depositories of which 28 percent were imported rice, was lower by 2.9 percent.
• Against last year’s levels, stocks in commercial warehouses and NFA depositories decreased by 8.3 percent and 34.5 percent, respectively. In contrast, stocks in the households grew by 5.4 percent.
• The total rice stock inventory as of February 1, 2013 would be enough for 59 days. Household stocks would last for 26 days. Stocks in commercial warehouses would last for 16 days while those in NFA depositories would be good for 17 days.
• Of the current stock level, about 44.0 percent were with the households, 27.5 percent were with the commercial warehouses and 28.5 percent were with the NFA depositories.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, January 2013 and February 2012 and 2013

CORN 

• The total corn stock inventory as of February 1, 2013 was 150.5 thousand metric tons (Figure 2). The volume of stocks was 6.7 percent below last month’s inventory of 161.3 thousand metric tons but 16.0 percent higher than last year’s level of 129.8 thousand metric tons (Table 2).
• Compared to last month’s inventory records, stocks in the households increased by 1.3 percent. However, stocks in commercial warehouses went down by 11.6 percent and those in NFA depositories, by 9.1 percent.
• Relative to last year’s levels, stocks in the households grew by 6.7 percent and those in commercial warehouses, by 23.5 percent. Stocks held in NFA depositories remained the same as last year’s inventory.
• Of this month’s total corn stocks, around 41 percent were with the households and 58 percent were with the commercial warehouses. The NFA depositories accounted for the remainder.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, January 2013 and February 2012 and 2013