February 8, 2012

Philippine corn stocks up 8.9% in January

 
Data from the National Food Authority (NFA) show that the Philippines' total corn stock inventory for January was 166,100 tonnes, 8.9 % higher than the January 2011 level of 152,500 tonnes.

However, when compared to the December 2011, it was 6.2 % lower at 177,000 tonnes.

Compared to December's stocks, January's stock level increased 8.3 % in the households. In contrast, stocks in commercial warehouses dropped by 13.1 %. There was no change in stocks held in the NFA depositories from December's inventory.

Against last year's levels, stocks in the households decreased by 18.1 % and those in NFA depositories by 80 %. However, stocks in commercial warehouses went up by 36.8 %.

Of January's total corn stocks, about 37.2 % were with the households and 62.7 % were with the commercial warehouses. NFA depositories accounted for only 0.1 % of the total corn stocks inventory.

Meanwhile, the total rice stock inventory was 2.62 million tonnes. This was 15.2 % lower than the December 2011, record of 3.10 million tonnes and 23.3 % below last year's inventory of 3.42 million tonnes.

January's stock levels in all sectors were lower than December's records. Stocks in the households were down by 22.5 % and those in commercial warehouses by 15.1 %. Stocks in NFA depositories, of which 57 % were imported rice, dropped by seven percent.

Compared to last year's inventory, household stocks were lower by 13.8 % and those in NFA depositories by 40 %. However, stocks in commercial warehouses grew by 9.6 %.

As of January 1, 2012, the total volume of rice stocks would be enough for 77 days. On the other hand, household stocks would last for 29 days. Stocks in NFA depositories would be good for 30 days, while those in commercial warehouses would last for 18 days. Of the current stock level, about 37 % were with the households, 23 % were with the commercial warehouses and 40 % were with the NFA depositories.