RICE

• The total rice stock inventory as of May 1, 2014 was 2.52 million metric tons (Figure 1). This was 15.5 percent higher than last month’s inventory of 2.18 million metric tons but 3.6 percent below the record in May 2013 of 2.61 million metric tons. (Table 1).
• Compared with last month, rice stock levels in the households and in commercial warehouses increased by 11.6 percent and 53.0 percent, respectively. However, stocks in NFA depositories, with 88.1 percent imported rice, decreased by 10.1 percent.
• Year on year, stocks in the households grew by 10.3 percent. On the other hand, stocks in commercial warehouses and in NFA depositories dropped by 9.1 percent and 23.8 percent, respectively.
• Of the present stock level, 52.6 percent were with the households, 28.9 percent in commercial warehouses and 18.5 percent in NFA depositories.
• The total rice inventory for this month would be adequate for 74 days. Stocks in the households would be sufficient for 39 days, in commercial warehouses for 21 days, and NFA depositories for 14 days.

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

CORN

• As of May 1, 2014 the total corn stock inventory was 268.0 thousand metric tons (Figure 2). This was 27.3 percent lower than last month’s level of 368.7 thousand metric tons. However, this was 16.2 percent more than last year’s record of 230.8 thousand metric tons (Table 2).
• This month’s corn stock levels in all sectors decreased compared with last month’s reports. Stock levels in the households and in commercial warehouses dropped by 46.6 percent and 10.6 percent, respectively. Also, corn stocks in NFA depositories decreased by 35.5 percent.
• Compared with last year, corn stocks in the households grew by 73.1 percent. In addition, stocks in NFA depositories grew from 2.4 thousand metric tons in 2013 to 6.6 thousand metric tons this year. On the other hand, stocks in commercial warehouses decreased by 2.2 percent.
• Around 64.9 percent of this month’s total corn stock inventory were with the commercial warehouses, 32.6 percent were with the households and 2.5 percent were with the NFA depositories

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