RICE

• The total rice stock inventory as of May 1, 2017 was 3.21 million metric tons (Figure 1). This was 12.88 percent below the 3.69 million metric tons level in May 2016 but 20.13 percent above the previous month’s inventory level of 2.68 million metric tons (Table 1).
• Compared with the previous year, rice stocks in the households and in commercial warehouses grew by 0.96 percent and 39.39 percent, respectively. However, stocks in NFA depositories dropped by 76.91 percent (Table 1).
• Compared with the previous month, stocks in the households and in commercial warehouses increased by 3.47 percent and 60.15 percent, respectively. On the other hand, rice stocks in NFA depositories decreased by 17.43 percent (Table 1).
• Of this month’s total rice stock inventory, 46.38 percent were with the households, 45.21 percent were in commercial warehouses, and 8.41 percent were in NFA depositories. The latter comprised 74.12 percent of imported rice.
• The total rice inventory for this month would be sufficient for 95 days. Stocks in the households would be enough for 44 days, those in commercial warehouses for 43 days, and those in NFA depositories for 8 days.

CORN

• As of May 1, 2017, the total corn stock inventory was 1,556.54 thousand metric tons (Figure 2). This was 200.93 percent higher than the previous year’s record of 517.24 thousand metric tons and 35.73 percent above the previous month’s level of 1,146.76 thousand metric tons (Table 2).
• Corn stocks in all sectors increased compared with their levels the previous year. Stocks in the households grew by 46.71 percent, in commercial warehouses by 223.74 percent, and in NFA depositories by 14,243.18 percent (Table 2).
• Month-on-month, corn stocks in commercial warehouses and in NFA depositories increased by 43.29 percent and 0.70 percent, respectively. However, stocks in the households decreased by 21.09 percent (Table 2).
• Around 92.98 percent of this month’s total corn stock inventory were in commercial warehouses, 6.61 percent were with the households, and 0.41 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.