RICE

• As of August 1, 2014 the total rice stock inventory was 1.72 million metric tons (Figure 1). This was 15.0 percent lower than last month’s inventory of 2.03 million metric tons and 7.4 percent below the 1.86 million metric tons record in August 2013. (Table 1).
• Rice stock levels in all sectors decreased compared with last month’s record. Stock levels in households and in commercial warehouses decreased by 20.4 percent and 15.9 percent, respectively. In addition, rice stocks in NFA depositories, with 95.7 percent imported rice, decreased by 3.1 percent.
• Year-on-year, rice stocks held by households grew by 10.0 percent. On the other hand, stocks in commercial warehouses and in NFA depositories decreased by 0.9 percent and 30.8 percent, respectively.
• Around 40.7 percent of this month’s total rice stock inventory were with the households, 33.6 percent in commercial warehouses and 25.7 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 51 days. Stocks in the households would be enough for 21 days, in commercial warehouses for 17 days, and NFA depositories for 13 days.

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

CORN

• The total corn stock inventory as of August 1, 2014 was 256.3 thousand metric tons (Figure 2). This was 58.4 percent higher than last month’s level of 161.8 thousand metric tons and 80.7 percent above last year’s record of 141.8 thousand metric tons (Table 2).
• Month-on-month, corn stock levels in the households and in commercial warehouses grew by 36.7 percent and 73.9 percent, respectively. However, stocks in NFA depositories dropped by 10.9 percent.
• Year-on-year, stock levels in the households and in commercial warehouses increased by 42.6 percent and 109.4 percent, accordingly. Stocks in NFA depositories decreased by 3.8 percent.
• Around 69.2 percent of this month’s total corn stock inventory were with the commercial warehouses, 28.8 percent were with the households and 2.0 percent were with the NFA depositories.

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