RICE

• As of January 1, 2015, the total rice stock inventory was 2.66 million metric tons (Figure 1). This was 25.2 percent above the 2.13 million metric tons record in January 2014 (Table 1) but 12.2 percent lower than last month’s inventory of 3.03 million metric tons.
• Month-on-month, stocks in NFA depositories, with 96.7 percent imported rice, grew by 7.8 percent. However, rice stocks in households and in commercial warehouses decreased by 15.4 percent and 17.0 percent, respectively.
• This month’s rice stock levels in all sectors were higher over their respective levels in the same period last year. Stocks in the households and in commercial warehouses increased by 4.6 percent and 39.3 percent, respectively. Likewise, stocks in NFA depositories increased by 90.7 percent.
• Around 49.8 percent of this month’s total rice stock inventory were with the households, 30.5 percent in commercial warehouses and 19.7 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 78 days. Stocks in the households would be sufficient for 39 days. Those in commercial warehouses would be enough for 24 days, and in NFA depositories for 15 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, January 2014 and December 2014 and January 2015

CORN

• The total corn stock inventory as of January 1, 2015 was 184.0 thousand metric tons (Figure 2). This was 9.0 percent above last year’s record of 168.8 thousand metric tons (Table 2). However, this was 14.8 percent lower than last month’s level of 216.0 thousand metric tons.
• This month’s corn stock levels in all sectors dropped compared with their levels last month. Corn stock levels in the households dropped by 7.7 percent, in commercial warehouses by 20.3 percent, and in NFA depositories by 3.4 percent.
• Year-on-year, stock levels in the households and in commercial warehouses grew by 30.4 percent and 4.5 percent, respectively. However, stocks in NFA depositories decreased by 84.6 percent.
• Around 52.9 percent of this month’s total corn stock inventory were with the commercial warehouses, 46.2 percent were with the households and 0.9 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, January 2014 and December 2014 and January 2015