RICE

• As of September 1, 2014, the total rice stock inventory was 1.49 million metric tons (Figure 1). This was 13.5 percent lower than last month’s inventory of 1.72 million metric tons and 2.7 percent below the 1.53 million metric tons record in September 2013. (Table 1).
• Month-on-month, rice stocks in NFA depositories, with 96.6 percent imported rice, increased by 2.4 percent. However, rice stock levels in households and in commercial warehouses decreased by 14.8 percent and 24.2 percent, respectively.
• Year-on-year, rice stocks held by households grew by 11.5 percent. On the other hand, respective stocks in commercial warehouses and in NFA depositories dropped by 11.9 percent and 8.8 percent.
• Around 40.1 percent of this month’s total rice stock inventory were with the households, 29.5 percent in commercial warehouses and 30.4 percent in NFA depositories.
• The total rice inventory for this month would be good for 44 days. Stocks in the households would be sufficient for 18 days, in commercial warehouses for 13 days, and in NFA depositories for 13 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, September 2013 and August 2014 and September 2014

CORN

• The total corn stock inventory as of September 1, 2014 was 280.0 thousand metric tons (Figure 2). This was 9.3 percent higher than last month’s level of 256.3 thousand metric tons and 4.7 percent above last year’s record of 267.4 thousand metric tons (Table 2).
• Compared with last month, corn stock levels in the households increased by 87.5 percent. On the other hand, stocks in commercial warehouses and in NFA depositories dropped by 21.8 percent and 41.3 percent, respectively.
• Compared with last year, stock levels in commercial warehouses increased by 53.6 percent. However, stocks in the households and in NFA depositories declined by 17.2 percent and 69.5 percent, respectively.
• Around 49.5 percent of this month’s total corn stock inventory were with the commercial warehouses, 49.4 percent were with the households and 1.1 percent were with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, September 2013 and August 2014 and September 2014