RICE

• The total rice stock inventory as of December 1, 2013 was 2.49 million metric tons (Figure 1). This was 2.2 percent higher than last month’s inventory of 2.44 million metric tons but 4.6 percent lower than last year’s record of 2.61 million metric tons. (Table 1).
• Compared with last month’s rice stock position, this month’s stock in commercial warehouses increased by 18.5 percent. However, stocks in NFA depositories, of which 39.7 percent were imported rice, dropped by 15.2 percent. Stocks in the households decreased by 0.7 percent.
• Against last year’s levels, stocks in the households and in commercial warehouses were higher by 8.7 percent and 9.3 percent, respectively. On the other hand, rice stock inventory in NFA depositories declined by 50 percent.
• The current stock levels were 57.7 percent in the households, 30.3 percent in commercial warehouses and 12 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 73 days. Stocks in the households would be good for 42 days, in commercial warehouses for 22 days, and in NFA depositories for 9 days.

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

CORN

• As of December 1, 2013, the total corn stock inventory was 189.4 thousand metric tons (Figure 2). This was 3.4 percent higher than last month’s level of 183.1 thousand metric tons but 7.5 percent lower than last year’s record of 204.7 thousand metric tons (Table 2).
• This month’s stock levels in the households and in commercial warehouses increased by 4.5 percent and 3.1 percent, respectively, compared with last month’s record. Corn inventories in NFA depositories were down by 1.0 percent.
• Against last year’s record, corn stocks of households grew by 25 percent. In NFA depositories, corn stocks increased from 0.13 thousand metric tons last year to 10.4 thousand metric tons this year. On the other hand, corn stocks in commercial warehouses declined by 30.2 percent.
• Around 51.2 percent of this month’s total corn stock inventory was with the commercial sector. About 43.3 percent were with the households and 5.5 percent were with the NFA depositories.

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