RICE

• The total rice stock inventory as of October 1, 2013 was 1.77 million metric tons (Figure 1). This was 15.8 percent higher than last month’s inventory of 1.53 million metric tons but 11.4 percent below last year’s record of 2.00 million metric tons. (Table 1).
• Compared to previous month’s stock position, this month’s rice stock in the households grew by 69.1 percent but those in commercial warehouses decreased by 4.3 percent. Volume of stocks in NFA depositories of which 45.7 percent were imported rice, was also lower by 21.6 percent.
• Against last year’s levels, stocks in all sectors were lower this month. Rice stock inventory of households decreased by 3.0 percent. Those in commercial warehouses and NFA depositories were down by 14.7 percent and 23.2 percent, respectively.
• As of October 1, 2013 the total volume of rice stocks would last for 52 days. Stocks in the households would be good for 27 days. Those in commercial warehouses would be enough for 14 days and 11 days for those in NFA depositories.
• The current stock level were comprised of 51.1 percent in the households, 26.9 percent in commercial warehouses and 22.0 percent in NFA depositories.

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

CORN

• The total corn stock inventory as of October 1, 2013 was estimated at 217.4 thousand metric tons (Figure 2). This was 18.7 percent lower than last month’s level of 267.4 thousand metric tons but 0.1 percent higher than last year’s record of 217.1 thousand metric tons (Table 2).
• This month’s stock levels in the household and commercial sectors went down by 26.5 percent and 8.6 percent, respectively, from last month’s record. On the other hand, those in NFA depositories grew by 20.0 percent.
• Compared with last year’s record, stocks in household and commercial sectors decreased by 2.0 percent and 9.8 percent, respectively. Corn stock in NFA depositories increased from 0.24 thousand metric ton last year to 12.0 thousand metric tons this year.
• About 56.5 percent of this month’s total corn stock inventory were with the households and 38.0 percent were with the commercial warehouses. The NFA depositories accounted for 5.5 percent.

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