RICE STOCK

• The April 1, 2008 total rice  stock inventory was estimated at 1.89 million metric tons, up by 12.0 and 13.6 percent from previous month’s and last year’s levels, respectively. Stock inventory went up as more harvests came in the later part of the quarter.
• Compared to last month, there were significant increases in the  stock inventories of households by 16.2 percent and in NFA depositories by 39.2 percent. Ninety four (94) percent of NFA rice stock are imported. In contrast, stock in commercial warehouses went down by 17.0 percent.
• Compared to last year’s records, stocks in both households and NFA depositories posted increments by 1.9 and 113.5 percent, respectively.
• Of the total stock, 61 percent are with households, 18 percent with commercial warehouses and 21 percent with NFA depositories. These are good for 36 days, 11 days and 12 days supply, respectively. The current total stock is enough to last for 59 days.

CORN STOCK

• The April 1, 2008 total corn stock inventory of 260.2 thousand metric tons was 43.1 percent and 5.5 percent higher than last month and last year’s levels, respectively.
• Compared to last month’s inventory, the household sector’s holdings increased by 33.4 percent but went down by 22.6 from last year’s record. On the other hand, stock in commercial warehouses increased by 56.9 percent and  86.9 percent from last month’s and last year’s levels, respectively.
• Around 55 percent of the current corn stocks are with the households while 45 percent are with the commercial warehouses. NFA reported no corngrain stock for the period.