RICE

• The total rice stock inventory as of April 1, 2015 was 2.54 million metric tons (Figure 1). This was 16.5 percent above the 2.18 million metric tons record in April 2014 and 12.2 percent higher than last month’s inventory of 2.27 million metric tons (Table 1).
• Year-on-year, rice stocks in the households and in commercial warehouses increased by 5.7 percent and 68.6 percent, respectively. However, stocks in NFA depositories decreased by 6.5 percent.
• Month-on-month, rice stocks in the households and in commercial warehouses grew by 29.5 percent and 7.6 percent, respectively. Stocks in NFA depositories, with 92.8 percent imported rice, dropped by 11.9 percent.
• Around 49.4 percent of this month’s total rice stock inventory were with the households, 31.5 percent in commercial warehouses and 19.1 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 75 days. Stocks in the households would be adequate for 37 days. Those in commercial warehouses would be enough for 24 days, and in NFA depositories for 14 days.

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

CORN

• As of April 1, 2015, the total corn stock inventory was 340.2 thousand metric tons (Figure 2). This was 7.7 percent lower than last year’s record of 368.7 thousand metric tons but 82.4 percent higher than last month’s level of 186.5 thousand metric tons (Table 2).
• Compared with last year, corn stock level in the households increased by 10.0 percent. On the other hand, stocks in commercial warehouses and in NFA depositories dropped by 18.8 percent and 82.0 percent, respectively.
• Compared with their last month’s record, corn stocks were higher in all sectors. Stock levels in the households grew by 90.2 percent, in commercial warehouses by 75.3 percent, and in NFA depositories by 15.3 percent
• Around 52.9 percent of this month’s total corn stock inventory were with the households, 46.5 percent in commercial warehouses and 0.6 percent in NFA depositories.

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