RICE

• As of September 1, 2013 total rice stock inventory was 1.53 million metric tons (Figure 1). This was 17.7 percent below last month’s inventory of 1.86 million metric tons but 6.1 percent higher than last year’s record of 1.44 million metric tons. (Table 1).
• Compared with last month’s levels, rice stocks in the households and commercial warehouses decreased by 15.9 percent and 14.7 percent, respectively. In NFA depositories, volume of stocks of which 41.5 percent were imported rice, was also lower by 22.2 percent.
• Compared with the 2012 records, this year’s stock levels in the households and commercial warehouses were higher by 1.3 percent and 27.2 percent, respectively. On the other hand, stocks in NFA depositories decreased by 4.8 percent.
• The total rice stock inventory as of September 1, 2013 would be enough for 46 days. Stocks in the households would be good for 16 days. Those in NFA depositories and in commercial warehouses would be enough for 15 days each.
• Of the current stock level, about 35.0 percent were with the households, 32.6 percent were with the commercial warehouses and 32.4 percent were with the NFA depositories.

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

CORN

• The total corn stock inventory as of September 1, 2013 was estimated at 267.4 thousand metric tons (Figure 2). This was 88.6 percent more than last month’s level of 141.8 thousand metric tons and 30.1 percent higher than last year’s record of 205.5 thousand metric tons (Table 2).
• This month’s stock level in all sectors went up as compared with last month’s record. Household stocks grew by 223.2 percent, those in NFA depositories by 85.2 percent, and those in commercial warehouses rose by 6.6 percent.
• Compared with last year’s levels, stocks in all sectors also went up. Household stock grew by 24.3 percent and those in commercial warehouses by 27.5 percent. Those in NFA depositories increased from 0.29 thousand metric ton last year to 10.0 thousand metric tons this year.
• About 62.5 percent of this month’s inventory were with the households and 33.8 percent were with the commercial warehouses. The NFA depositories accounted for 3.7 percent of the current stock level.

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