RICE

• The total rice stock inventory as of March 1, 2013 was 1.94 million metric tons (Figure 1). This was 3.9 percent less than the previous month’s level of 2.02 million metric tons and 3.7 percent below last year’s record of 2.01 million metric tons. (Table 1).
• Relative to last month’s levels, rice stocks in the households dropped by 4.9 percent and those in commercial warehouses, by 7.1 percent. On the other hand, stocks in NFA depositories where 26 percent were imported rice, grew by 0.6 percent.
• Compared to last year’s inventory records, stocks in the households increased by 4.4 percent and those in commercial warehouses by 21.1 percent. However, stocks in NFA depositories dropped by 25.6 percent.
• The March 1, 2013 total rice stock inventory would be enough for 57 days. Household stocks would last for 25 days. Stocks in NFA depositories would be good for 17 days while those in commercial warehouses would last for 15 days.
• Of this month’s total stock inventory, 44 percent were with the households, 30 percent were with the NFA depositories and 26 percent were with the commercial warehouses.

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

CORN STOCK

• The March 1, 2013 total corn stock inventory was 188.2 thousand metric tons (Figure 2). This was 25.1 percent higher than last month’s level of 150.5 thousand metric tons and 28.6 percent more than last year’s level of 146.4 thousand metric tons (Table 2).
• Compared with last month’s levels, corn stock in the households increased by 65.9 percent. Stocks in NFA depositories went up from 0.07 thousand metric ton to 0.19 thousand metric ton. In contrast, stocks in commercial warehouses dropped by 3.7 percent.
• Against last year’s records, the volume of stocks in the households was higher by 38.8 percent. Inventory in commercial warehouses grew by 17.7 percent. There was no corn stock recorded in NFA depositories last year.
• Of this month’s total corn stocks, around 54.7 percent were with the households and 45.2 percent in commercial warehouses. The NFA depositories accounted for the remainder.

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