Rice inventory good for 89 days – PSA

MANILA, Philippines - Domestic rice stock inventory remains sufficient for 89 days as of December, the Philippine Statistics Authority (PSA) reported.

The total rice stock inventory as of December was 3.03 million metric tons (MT), up 2.7 percent from the previous month’s inventory of 2.95 million MT. Year-on-year, this was higher than the inventory of 2.49 million MT.

Month-on-month, the volume of rice stocks in commercial warehouses rose 8.3 percent. Stocks in NFA depositories – 96.5 percent of which was imported rice – rose 12.7 percent. Rice stock levels in households decreased by 3.2 percent.

Year-on-year, rice stock levels in all sectors rose. Stocks held in households and in commercial warehouses increased nine percent and 29.5 percent respectively. Rice stocks in NFA depositories also increased by 62 percent.

Stocks held in households would be sufficient for 46 days, those in commercial warehouses would be enough for 29 days, while those held in depositories of the National Food Authority (NFA) would cover 14 days.

Around 51.7 percent of the total rice stock inventory in December were with households, 32.3 percent were held in commercial warehouses and 16 percent are in NFA depositories.

Domestic corn stock inventory in December, meanwhile, fell 9.8 percent to 216,000 MT from 239, 500 MT in the previous month. Year-on-year, however, this was higher by 14.1 percent than the inventory of 189, 400 thousand in the same period in 2013.

Around 56.6 percent of the December corn stock inventory were with commercial warehouses, 42.6 percent were with households and 0.8 percent were held in NFA depositories.

Month-on-month, corn stock levels in all sectors fell. Stocks in households fell by 15.5 percent, stocks in commercial warehouses 5.1 percent, and in NFA depositories, by 6.9 percent.

Year-on-year, stock levels in households and in commercial warehouses were up 12.3 percent and 26.1 percent, respectively. Stocks in NFA depositories fell 84.1 percent.