Rice stocks good for 56 days – Bureau of Agri’l Statistics

MANILA, Philippines - The country’s total rice stock inventory fell 27 percent year-on-year in October with stocks sufficient for 58 days, according to the Bureau of Agricultural Statistics (BAS).

As of Oct. 1, 2012 the total rice stock inventory stood at two million metric tons (MT), 27 percent lower than last year’s level of 2.74 million MT, but 38.6 percent higher than the previous month’s record of 1.44 million MT.

October comes from the traditional lean months of July to September.

Of the current rice stock level, 46.7 percent were held in households, 28 percent were with commercial warehouses and 25.3 percent were with depositories of the National Food Authority (NFA).

Compared to last month, rice stocks held in households and commercial warehouses rose 76.6 percent and 42.8 percent respectively. The volume of stocks in NFA depositories, meanwhile, fell 2.9 percent.

Around 45 percent of the rice stocks for the month were imported rice.

Compared to last year, stocks were lower by 13.2 percent in commercial warehouses and by 60 percent in NFA depositories. Rice stocks in households, however, grew 12.6 percent year-on-year.

Total rice stocks would be good for 58 days. Stocks in NFA depositories would last for 15 days, while those in commercial warehouses would be enough for 16 days. Household stocks would last for 27 days.

The total corn stock inventory as of October 1, meanwhile, stood at 217, 1000 MT, 18.1 percent lower than last year’s level of 265, 200 MT but 5.7 percent higher than last month’s inventory of 205, 500 MT.

Around 42.1 percent of the current corn stocks were with commercial warehouses and 57.8 percent were with households.

Compared to last month’s corn stock levels, corn stock volume in October fell 6.7 percent in households and 17.2 percent in NFA depositories. Stocks in commercial warehouses, however, rose by 29.2 percent.

Year-on-year, stocks held in households fell by 14.2 percent while those held in commercial warehouses went down by 23 percent. Stocks held in NFA depositories, meanwhile, rose from 0.08 thousand metric tons last year to 0.24 thousand metric tons this year