RICE STOCK

• The June 1, 2010 total rice stock inventory reached 3.36 million metric tons. It surpassed last month’s level by 1.1 percent and last year’s record by 25.1 percent.
• These estimates indicated stock drawdown in the households by 12.1 percent and in commercial warehouses by 0.1 percent from last month’s levels. In contrast, stock inventory in NFA depositories, of which 84.0 percent were imported rice was higher by 9.7 percent compared to the stock level last month.
• Compared to last year’s records, stocks in NFA depositories grew by 54.0 percent, while those in commercial warehouses were higher by 2.7 percent. On the other hand, stock holdings in the households dropped by 1.4 percent.
• As of June 1, 2010 rice stocks in NFA depositories would be good for 53 days, while those in commercial sector would be good for 13 days. Household stocks would last for 27 days. The total volume of rice stocks would be enough for 93 days.

Table 1. Percentage change in the inventory of rice stocks,
Philippines, May 2010 and June 2009 and 2010

CORN STOCK

• The total corn stock as of June 1, 2010 was estimated at 149.5 thousand metric tons. This was below the inventory levels of May 2010 and June 2009 by 23.3 percent and 18.7 percent, respectively.
• Compared to the stock levels last month and last year, the June 2010 records were lower. In the households, stocks dropped by 26.0 percent from last month’s and last year’s levels. Reductions were also noted in the commercial sector, by 26.7 percent from last month’s inventory and 42.5 percent from last year’s record. Stocks in NFA depositories also decreased by 11.4 percent from last month’s inventory.
• Of this month’s total corn stocks, 22 percent were with the households, 54 percent with the commercial warehouses and 24 percent with the NFA depositories.

Table 2. Percentage change in the inventory of corn stocks,
Philippines, May 2010 and June 2009 and 2010