RICE

• As of April 1, 2014, the total rice stock inventory was 2.18 million metric tons (Figure 1). This was 22.3 percent higher than last month’s inventory of 1.78 million metric tons but 6.2 percent below the 2.32 million metric tons record in April 2013. (Table 1).
• This month’s rice stock levels in all sectors were up compared with last month. Stocks in the households and in commercial warehouses increased by 25.3 percent and 26.3 percent, respectively. Also, rice stocks in NFA depositories, with 85.5 percent imported rice, grew by 12.8 percent.
• Compared with last year, stocks in the households increased by 11.0 percent. On the other hand, stocks in commercial warehouses and in NFA depositories dropped by 29.4 percent and 11.2 percent, respectively.
• Of the current stock level, 54.4 percent were with the households, 23.8 percent in NFA depositories and 21.8 percent in commercial warehouses.
• The total rice inventory for this month would be adequate for 64 days. Stocks in the households would be sufficient for 35 days, in NFA depositories for 15 days, and in commercial warehouses for 14 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, April 2013 and March 2014 and April 2014

CORN

• The total corn stock inventory as of April 1, 2014 was 368.7 thousand metric tons (Figure 2). This was 37.7 percent higher than last month’s level of 267.8 thousand metric tons and 23.3 percent more than last year’s record of 299.1 thousand metric tons (Table 2)
• Month on month, stock levels in the households and in commercial warehouses increased by 30.0 percent and 48.1 percent, respectively. On the contrary, corn stocks in NFA depositories decreased by 1.2 percent.
• Year on year, corn stocks in the households and in commercial warehouses grew by 36.5 percent and 8.9 percent, respectively. In addition, stocks in NFA depositories grew from 0.40 thousand metric tons in 2013 to 10.2 thousand metric tons this year.
• Around 52.8 percent of this month’s total corn stock inventory were with the commercial warehouses, 44.4 percent were with the households and 2.8 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, April 2013 and March 2014 and April 2014