RICE STOCK

• The June 1, 2008 total rice stock inventory reached 2.21 million metric tons. It was 2.5 percent lower than its month ago level but 35.6 higher than last year’s record.
• Stock position in households and in commercial warehouses declined compared to their month ago levels by 17.1 percent and 8.5 percent, respectively. In contrast, stock in NFA depositories of which 97 percent were imported rice increased by 32.0 percent.
• Compared to previous year’s same period stock position, household, commercial and government sectors posted higher stock levels at 0.5, 13.5 and 205.4 percent, respectively.
• As of the  reporting period, rice stock in the households was good for 30 days, while those of the commercial and NFA sectors were good for 13 days and 24 days, respectively. The total stock was enough to last for 67 days.

CORN STOCK

• The June 1, 2008 total corn stock inventory of 233 thousand metric  tons was lower by 27.3 percent than last month’s level but 75.0  percent  higher than last year’s record.
• Compared to previous month’s stock levels, those in the households and commercial warehouses decreased by 49.8 and  16.5  percent,  respectively. In contrast, stock in commercial sector recorded a 141.8 percent increment from last year’s level. The  household  sector, on the other hand, recorded a drawdown of 10.5 percent.
• Around 78.0 percent of the current corn stock are with the commercial warehouses and 22.0 percent are with the households. NFA reported no corn stock for the period.