RICE STOCK

• The total rice stock inventory as of August 1, 2015 was 2.24 million metric tons (Figure 1). This was 30.4 percent higher than the 1.72 million metric tons record in August 2014 but 12.6 percent lower than last month’s inventory of 2.57 million metric tons (Table 1).
• Compared with last year, rice stocks were higher in all sectors. Stock levels in the households increased by 4.7 percent, in commercial warehouses by 23.7 percent and in NFA depositories by 79.7 percent.
• Compared with last month, stocks in NFA depositories, with 91.5 percent imported rice, grew by 2.6 percent. However, stocks in the households and in commercial warehouses dropped by 23.0 percent and 14.8 percent, respectively.
• Around 35.4 percent of this month’s total rice stock inventory were in the NFA depositories, 32.7 percent were with the households, and 31.9 percent in commercial warehouses.
• The total rice inventory for this month would be sufficient for 66 days. Stocks in NFA depositories would be enough for 23 days; in the households for 22 days; and in commercial warehouses for 21 days.

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

CORN STOCK

• As of August 1, 2015, the total corn stock inventory was 313.3 thousand metric tons (Figure 2). This was 22.3 percent above last year’s record of 256.3 thousand metric tons and 13.8 percent higher than last month’s level of 275.4 thousand metric tons (Table 2).
• Year-on-year, corn stocks in commercial warehouses increased by 46.5 percent. On the other hand, stocks in the households and in NFA depositories decreased by 28.8 percent and 81.0 percent, respectively.
• Month-on-month, corn stocks grew in all sectors. Stock levels in the households increased by 1.1 percent, in commercial warehouses by 16.8 percent, and in NFA depositories by 0.9 percent.
• Around 82.9 percent of this month’s total corn stock inventory were in commercial warehouses, 16.8 percent were with the households, and 0.3 percent in NFA depositories.

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