RICE

• The total rice stock inventory as of July 1, 2015 was 2.57 million metric tons (Figure 1). This was 26.8 percent higher than the 2.03 million metric tons record in July 2014 but 14.9 percent lower than last month’s inventory of 3.02 million metric tons (Table 1).
• Year-on-year, rice stocks were higher in all sectors. Stock levels in the households increased by 8.3 percent, in commercial warehouses by 22.0 percent and in NFA depositories by 69.8 percent.
• Month-on-month, stocks in NFA depositories, with 91.0 percent imported rice, grew by 3.6 percent. On the other hand, stocks in the households and in commercial warehouses dropped by 18.1 percent and 24.2 percent, respectively.
• Around 37.1 percent of this month’s total rice stock inventory were with the households, 32.7 percent in commercial warehouses and 30.2 percent in NFA depositories.
• The total rice inventory for this month would be adequate for 76 days. Stocks in the households would be good for 28 days; in commercial warehouses, 25 days; and in NFA depositories, 23 days.

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

CORN

• As of July 1, 2015, the total corn stock inventory was 275.4 thousand metric tons (Figure 2). This was 70.3 percent above last year’s record of 161.8 thousand metric tons and 32.9 percent higher than last month’s level of 207.2 thousand metric tons (Table 2).
• Compared with last year, corn stocks in commercial warehouses increased by 118.2 percent. However, stocks in the households and in NFA depositories decreased by 3.8 percent and 83.2 percent, respectively.
• Compared with last month, corn stocks grew in all sectors. Stock levels in the households increased by 16.8 percent, in commercial warehouses by 37.5 percent, and in NFA depositories by 4.7 percent.
• Around 80.8 percent of this month’s total corn stock inventory were in commercial warehouses, 18.8 percent were with the households, and 0.4 percent in NFA depositories.

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