Rice Stock

• The April 1, 2004 national rice stock inventory reached 2.23 million metric tons, up by 14.8 percent from previous month’s level. Both households and commercial warehouses posted increments in stock volumes by 28.5 and 19.8 percent, respectively. That of NFA’s dropped by 9.9 percent.
• Compared to last year’s total inventory, the present level rose to a very minimal 0.6 percent. Stock holdings in commercial and government warehouses dropped by 5.1 and 20.7 percent, respectively, while those in the households went up by 17.4 percent. Imported rice accounted for 60.0 percent of NFA stocks.
• The current stock inventory is good for 84-day supply with around 46 days stored in the households, 18 days in the commercial warehouses and 20 days in NFA depositories.

Corn Stock

• The April 1, 2004 total corn stock inventory of 224 thousand metric tons was 4.2 and 6.2 percent lower than the levels recorded last month and same period last year, respectively.
• Compared to last month’s inventory, the household stocks declined by 18.0 percent, but commercial stocks increased by 29.5 percent. It was the reverse when compared to last year. The household stocks increased by 9.7 percent, while that of the commercial warehouses dropped by 23.4 percent.
• Around 61.0 percent of the current corn stocks are with the households and 39.0 percent are with the commercial warehouses. NFA reported no corn stock for the period.