RICE

• The August 1, 2013 total rice stock inventory was 1.86 million metric tons (Figure 1). This was 15.3 percent below last month’s inventory of 2.19 million metric tons but 15.0 percent more than last year’s record of 1.62 million metric tons. (Table 1).
• Comparison with last month’s rice stock levels showed significant decreases of 21.6 percent in the households and 14.6 percent in commercial warehouses. The volume of stocks in NFA depositories of which 38.3 percent were imported rice, was lower by 8.5 percent.
• This year’s stock level in all sector were higher compared to last year’s records. Stocks in NFA depositories increased by 20.1 percent and in commercial warehouses by 20.0 percent. Those in the households grew by 6.5 percent
• The total rice stock inventory as of August 1, 2013 would be enough for 55 days. Stocks in the households and in NFA depositories, each would be good for 19 days. Stocks in commercial warehouses would last for 17 days.
• Of the current stock level, about 34.2 percent were with the households, 31.5 percent were with the commercial warehouses and 34.3 percent were with the NFA depositories.

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

CORN

• The total corn stock inventory as of August 1, 2013 was estimated at 141.8 thousand metric tons (Figure 2). This was 15.1 percent higher than last month’s level of 123.2 thousand metric tons and 0.9 percent more than last year’s record of 140.6 thousand metric tons (Table 2).
• Relative to last month’s records, stocks were higher by 21.7 percent in the households and by 9.3 percent in commercial warehouses. Stocks in NFA depositories went up by 68.8 percent.
• Compared to last year’s levels, stocks in commercial warehouses grew by 1.9 percent. Those in NFA depositories increased from 0.10 thousand metric ton last year to 5.4 thousand metric tons this year. On the other hand, stocks in the households decreased by 9.9 percent.
• About 36.5 percent of this month’s inventory were with the households and 59.7 percent were with the commercial warehouses. The NFA depositories accounted for 3.8 percent.

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