RICE STOCK

• Total rice stock as of February 1, 2008 was estimated at 1.83 million metric tons. It was lower by 13.4 percent from previous month’s stock and 0.4 percent less than the stock last year. The current stock is enough to last for 57 days.
• Compared to previous month’s stock position, household and NFA stock holdings dropped by 16.8 and 22.0 percent, respectively. On the other hand, stock in commercial warehouses went up by 5.1 percent.
• Compared to 2007 level, this year’s household sector and NFA holdings were lower by 1.7 and 24.7 percent, respectively. In contrast, stock in commercial warehouses went up by 30.7 percent. Imported rice accounted for 89.0 percent of NFA stocks.
• Around 62 percent of the total rice stock inventory were with the households, while 23 percent and 15 percent were with the commercial warehouses and NFA depositories, respectively.

CORN STOCK

• The February 1, 2008 total corn stock inventory stood at 196 thousand metric tons, higher than the preceding month’s level by 13.7 percent and against last year’s record by 6.8 percent.
• Stock levels in households and commercial warehouses went up respectively by 2.0 percent to 15.4 percent compared to their month and year ago levels.
• NFA reported no corn stock for the period.