RICE STOCK

• The total rice stock inventory as of September 1, 2010 was estimated at 3.03 million metric tons (Figure 1). It was 4.7 percent lower than the previous month’s level, but 28.0 percent higher than last year’s record (Table 1).
• This month’s inventory of household stocks was lower by 7.7 percent compared to last month’s level. The volume of stocks in commercial warehouses was also down by 20.6 percent. Stocks in NFA depositories recorded no significant change compared to last month’s level.
• Compared with those of last year’s records, stocks in the households dropped by 10.6 percent and those in commercial warehouses by 1.7 percent.   On the other hand, inventory of stocks in NFA depositories, of which 86 percent were imported rice were higher by 57.6 percent.
• As of September 1, 2010, the total volume of rice stocks would be enough for 89 days. Stocks in NFA depositories would be good for 60 days, while those in commercial sector would be good for 11 days. Household stocks would last for 18 days.
• Of this month’s total rice stocks, around 20 percent were with the households, 13 percent were with the commercial warehouses, and 67 percent were with the NFA depositories.

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

CORN STOCK

• The September 1, 2010 total corn stock inventory amounted to 290.0 thousand metric tons (Figure 2). This was 129.2 percent higher compared to last month’s level, but 19.5 percent lower than last year’s record (Table 2).
• Compared to last month, the volume of stocks held in the households was higher by 281.2 percent, and in commercial warehouses by 35.9 percent. In contrast, stocks in NFA depositories dropped by 17.1 percent.
• Relative to last year’s inventory records, stocks in the households grew by 23.6 percent. However, stocks in commercial warehouses were lower by 48.7 and those in NFA depositories dropped by 72.0 percent.
• Around 66 percent of the current stock inventory were with the households, 31 percent were with the commercial warehouses and 3 percent were with the NFA depositories.

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