RICE

• The total rice stock inventory as of October 1, 2015 was 2.20 million metric tons (Figure 1). This was 21.7 percent above the 1.81 million metric tons level in October 2014 and 12.3 percent higher than last month’s inventory level of 1.96 million metric tons (Table 1).
• Year-on-year, rice stocks in commercial warehouses and NFA depositories increased by 27.6 percent and 67.6 percent, respectively. However, stock level in the households decreased by 6.8 percent.
• Month-on-month, stock levels in the households and in commercial warehouses grew by 36.1 percent and 14.5 percent, respectively. On the other hand, rice stocks in NFA depositories, with 91.5 percent imported rice, dropped by 6.2 percent.
• Of this month’s total rice stock inventory, 35.4 percent were with the households, 34.3 percent were in NFA depositories, and 30.3 percent in commercial warehouses.
• The total rice inventory for this month would be adequate for 65 days. Stocks in the households would be good for 23 days, those in NFA depositories for 22 days, and those in commercial warehouses for 20 days.

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

CORN

• As of October 1, 2015, the total corn stock inventory was 420.7 thousand metric tons (Figure 2). This was 3.1 percent higher than last year’s record of 408.3 thousand metric tons and 27.9 percent more than last month’s level of 329.0 thousand metric tons (Table 2).
• Compared with last year, corn stocks in commercial warehouses increased by 91.9 percent. On the other hand, stocks in the households and in NFA depositories decreased by 35.4 percent and 50.1 percent, respectively.
• Compared with last month, corn stocks grew in all sectors. Stock levels in the households grew by 30.9 percent, in commercial warehouses by 25.8 percent, and in NFA depositories by 1.4 percent.
• Around 56.4 percent of this month’s total corn stock inventory were in commercial warehouses, 43.4 percent were with the households, and 0.2 percent in NFA depositories.

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