RICE

• The total rice stock inventory as of March 1, 2017 was 2.18 million metric tons (Figure 1). This was 18.62 percent below the 2.67 million metric tons level in March 2016 and 5.23 percent lower than the previous month’s inventory level of 2.30 million metric tons (Table 1).
• Compared with the previous year, rice stocks in the households grew by 30.03 percent. On the other hand, stocks in commercial warehouses and in NFA depositories dropped by 11.25 percent and 63.30 percent, respectively (Table 1).
• Compared with the previous month, rice stocks in the households increased by 0.63 percent. However, stocks in commercial warehouses and in NFA depositories decreased by 8.61 percent and 14.68 percent, respectively (Table 1).
• Of this month’s total rice stock inventory, 52.95 percent were with the households, 28.81 percent were in commercial warehouses, and 18.24 percent were in NFA depositories. The latter comprised 77.70 percent of imported rice.
• The total rice inventory for this month would be sufficient for 64 days. Stocks in the households would be enough for 34 days, those in commercial warehouses for 18 days, and those in NFA depositories for 12 days.

CORN

• As of March 1, 2017, the total corn stock inventory was 1,078.29 thousand metric tons (Figure 2). This was 256.63 percent above the previous year’s record of 302.35 thousand metric tons and 145.31 percent higher than the previous month’s level of 439.57 thousand metric tons (Table 2).
• Corn stocks in all sectors grew compared with their levels the previous year. Stocks in the households increased by 28.50 percent, in commercial warehouses by 362.97 percent, and in NFA depositories by 1,004.26 percent (Table 2).
• Month-on-month, corn stocks in commercial warehouses and in NFA depositories increased by 232.68 percent and 117.70 percent, respectively. However, stocks in the households decreased by 18.03 percent (Table 2).
• Around 87.96 percent of this month’s total corn stock inventory were in commercial warehouses, 11.56 percent were with the households, and 0.48 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.