RICE

• The total rice stock inventory as of September 1, 2012 was 1.44 million metric tons (Figure 1). The volume of stocks was 7.4 percent below last month’s level of 1.56 million metric tons and 40.3 percent lower than last year’s record of 2.41 million metric tons (Table 1).
• This month’s stock levels in all sectors were lower compared to last month’s records. Stocks in the households decreased by 11.6 percent. Those in the commercial warehouses went down by 8.4 percent. Stocks in NFA depositories of which 43.0 percent were imported rice, dropped by 1.9 percent.
• Compared to last year’s inventory records, stocks in the households went down by 2.7 percent and those in commercial warehouses by 19.0 percent. In NFA depositories stocks declined by 62.4 percent.
• The total rice stocks as of September 1, 2012 would be enough for 43 days. Stocks in NFA depositories would be good for 15 days, those in commercial warehouses would be good for 12 days. Household stocks would last for 16 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, August 2012 and September 2011 and 2012

CORN

• The September 1, 2012 total corn stock inventory was estimated at 205.5 thousand metric tons (Figure 2). This was 54.8 percent higher than last month’s level of 132.7 thousand metric tons but 26.5 percent lower than year’s record of 279.6 thousand metric tons (Table 2).
• Compared to last month’s records, household stocks showed a significant increase of 134.2 percent. Stocks in NFA depositories increased from 236 metric tons to 289 metric tons. In contrast, stocks in commercial warehouses decreased by 5.7 percent.
• Compared to the inventory records of September 2011, this month’s holdings dropped by 24.0 percent in the households and 31.1 percent in commercial warehouses. However, stocks in NFA depositories grew from 29 metric tons to 289 metric tons.
• Of the current stock level, 65.4 percent were with the households and 34.5 percent were with the commercial warehouses. Around 0.1 percent was held in NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, August 2012 and September 2011 and 2012