RICE

• As of March 1, 2014, the total rice stock inventory was 1.78 million metric tons (Figure 1). This was 10.9 percent lower than last month’s inventory of 2.00 million metric tons and 7.9 percent below the 1.94 million metric tons record in March 2013. (Table 1).
• Month on month, stock levels in NFA depositories, with 78.5 percent imported rice, increased by 0.2 percent. On the other hand, stocks in the households and in commercial warehouses decreased by 11.4 percent and 20.6 percent, respectively.
• Year on year, stocks in the households grew by 11.9 percent. On the contrary, stocks in commercial warehouses and in NFA depositories declined by 26.4 percent and 20.5 percent, respectively.
• Of the present stock level, 53.1 percent were with the households, 21.1 percent were in commercial warehouses and 25.8 percent were in NFA depositories.
• The total rice inventory for this month would be enough for 53 days. Stocks in the households would be sufficient for 28 days, in commercial warehouses for 11 days, and in NFA depositories for 14 days.

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

CORN

• The total corn stock inventory as of March 1, 2014 was 267.8 thousand metric tons (Figure 2). This was 24.0 percent higher than last month’s level of 215.9 thousand metric tons and 42.3 percent more than last year’s record of 188.2 thousand metric tons (Table 2).
• Compared with last month’s corn stock levels, this month’s stocks in commercial warehouses and in NFA depositories increased by 76.6 percent and 0.1 percent, respectively. On the other hand, corn stocks of households decreased by 4.0 percent.
• Compared with last year, corn stocks of households increased by 22.2 percent. In addition, corn stocks in commercial warehouses increased by 54.7 percent. Stocks in NFA depositories grew from 0.19 thousand metric tons in 2013 to 10.4 thousand metric tons this year.
• Around 49.1 percent of this month’s total corn stock inventory were with the commercial warehouses, 47.0 percent were with the households and 3.9 percent were with the NFA depositories.

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