RICE

• The total rice stock inventory as of July 1, 2017 was 2,347.90 thousand metric tons (Figure 1). This was 14.08 percent below the 2,732.73 thousand metric tons level in July 2016 and 8.75 percent lower than the previous month’s inventory level of 2,572.94 thousand metric tons (Table 1).
• Compared with the previous year, rice stocks in the NFA depositories dropped by 83.04 percent. However, stocks in households and in commercial warehouses grew by 1.47 percent and 42.83, respectively (Table 1).
• Compared with the previous month, stocks in the households, in commercial warehouses and in NFA depositories declined by 7.84 percent, 7.00 percent and 24.49 percent, respectively (Table 1).
• Of this month’s total rice stock inventory, 42.37 percent were with the households, 51.03 percent were in commercial warehouses, and 6.60 percent were in NFA depositories. The latter comprised 69.96 percent of imported rice.
• The total rice inventory for this month would be sufficient for 69 days. Stocks in the households would be enough for 29 days, those in commercial warehouses for 35 days, and those in NFA depositories for 5 days.

CORN

• As of July 1, 2017, the total corn stock inventory was 683.62 thousand metric tons (Figure 2). This was 216.61 percent higher than the previous year’s record of 215.92 thousand metric tons but 30.16 percent below the previous month’s level of 978.86 thousand metric tons (Table 2).
• Corn stocks in all sectors increased compared with their levels the previous year. Stocks in the households grew by 36.35 percent, in commercial warehouses by 264.97 percent, and in NFA depositories by 1,487.97 percent (Table 2).
• Month-on-month, corn stocks in the households in commercial warehouses and in NFA depositories decreased by 29.40 percent, 30.37 percent, and 12.96 percent, respectively (Table 2).
• Around 89.71 percent of this month’s total corn stock inventory were in commercial warehouses, 9.48 percent were with the households, and 0.81 percent in NFA depositories.

Technical Notes

Monthly rice and corn stocks inventory are generated from three sectors, namely: household, commercial, and National Food Authority (NFA). The household stocks are taken from the Palay and Corn Stocks Survey (PCSS1) of the PSA, which covers farming and non-farming households nationwide. The commercial stocks are sourced from registered grains businessmen through the Commercial Stocks Survey (CSS), conducted by the NFA, the results of which are submitted to PSA. NFA stocks are monitored from their warehouses/depositories.