RICE STOCK

• The April 1, 2007 total rice stock inventory was estimated at 1.65 million metric tons, up by 4.2 percent from previous month’s level but 24.6 percent lower that last year’s record.
• Compared to last month’s levels, stocks in households and commercial warehouses were higher by 13.9 percent and 7.7  percent respectively. In contrast, NFA stocks of which 70 percent are imported went down by 35.3 percent.
• Compared to last year’s inventories, stocks in the households, commercial warehouses and NFA depositories dropped by 0.6 percent, 26.5 percent and 69.7 percent, respectively.
• The current stock inventory is good for 53-day supply. Stocks in the households can cover rice requirements for around 36 days. Commercial warehouses’ stocks could be good for 11 days while NFA depositories could be good for 6 days.

CORN STOCK

• The April 1, 2007 total corn stock inventory of 246.7 thousand metric tons was 1.9 percent higher than previous month’s level but 6.4 percent  lower than that of same period last year.
• Compared to last month’s and  last year’s inventories, the household sector’s holdings increased by 53.5 percent and 19.8 percent, respectively. However, stocks in commercial warehouses dropped by 48.4 percent from last month’s level and by 42.7 percent from last year’s level.
• Around 74.0 percent of the current corn stocks were with the households while the remaining 26.0 percent were  with the commercial warehouses. NFA reported no corngrain stock for the period.