RICE

• The total rice stock inventory as of June 1, 2015 was 3.02 million metric tons (Figure 1). This was 30.9 percent above the 2.31 million metric tons record in June 2014 but 4.7 percent below last month’s inventory of 3.17 million metric tons (Table 1).
• Compared with last year’s record, rice stocks were higher in all sectors. Stock levels in the households increased by 7.5 percent, in commercial warehouses by 35.6 percent and in NFA depositories by 83.7 percent.
• Compared with their last month’s record, stocks in the households dropped by 21.9 percent. However, stocks in commercial warehouses grew by 4.0 percent. In addition, stocks in NFA depositories, with 91.5 percent imported rice, increased by 22.3 percent.
• Around 38.5 percent of this month’s total rice stock inventory were with the households, 36.7 percent in commercial warehouses and 24.8 percent in NFA depositories.
• The total rice inventory for this month would be sufficient for 89 days. Stocks in the households would be enough for 34 days. Those in commercial warehouses and in NFA depositories, would be adequate for 33 days and 22 days, respectively.

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

CORN

• As of June 1, 2015, the total corn stock inventory was 207.2 thousand metric tons (Figure 2). This was 9.9 percent higher than last year’s record of 188.5 thousand metric tons but 7.2 percent lower than last month’s level of 223.3 thousand metric tons (Table 2).
• Year-on-year, corn stocks in commercial warehouses increased by 25.4 percent. On the other hand, stocks in the households and in NFA depositories decreased by 17.0 percent and 84.0 percent, respectively.
• Month-on-month, corn stocks in commercial warehouses grew by 8.3 percent. On the other hand, stocks in the households dropped by 37.9 percent and in NFA depositories by 57.8 percent.
• Around 78.0 percent of this month’s total corn stock inventory were in commercial warehouses, 21.5 percent were with the households and 0.5 percent in NFA depositories.

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