RICE STOCK

• The August 1, 2009 total rice stock inventory was estimated at 2.38 million metric tons. It was 14.3 percent lower than previous month’s level but 25.2 percent more than last year’s record.
• Compared to their month ago levels, all sectors experienced stock drawdowns from 11.2 percent in NFA depositories to 19.5 percent in the households.
• This year’s August 1 stock holdings in all sectors were higher compared to 2008 levels. Stock inventory in NFA depositories grew by 51.0 percent, and both households and commercial warehouses stocks went up by 4.1 percent. Around 83 percent of NFA stock were imported rice.
• As of August 1, 2009, rice stocks at NFA depositories would be good for 37 days, while those in commercial sector would be good for 10 days. Household stocks would last for 21 days. The total volume of rice stocks would be enough for 68 days.

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Table 1. Rice Stock Inventory: Household, Commercial and NFA, Philippines, August 1, 2009

CORN STOCK

• The August 1, 2009 total corn stock inventory amounted to 227 thousand metric tons. This was higher than last  month’s level by 4.0 percent and 32.5 percent from same period last year.
• Compared to last month’s record,  stock in the households was lower  by  9.6  percent but 2.9 percent higher than last year’s inventory. Stocks  in  commercial warehouses also dropped by 3.6  percent from last month’s record but was higher by 22.2 percent from last year’s level. NFA reported 31.1 thousand metric tons of corngrain during the inventory period.
• Of this month’s total corn stocks, 32.0 percent were with households, 55.0 percent with commercial warehouses and 13.0 percent with NFA depositories.

Table 2. Corn Stock Inventory: Household, Commercial and NFA, Philippines, August 1, 2009