RICE STOCK

• Total rice stock as of February 1, 2007 was estimated at 1.85 million metric tons. It was lower by 18.0 percent from previous month’s stock and 2.0 percent less than the stock in the same month last year. The current stock is enough to last for 62 days.
• Compared to previous month’s stock position, NFA, household and commercial stock holdings for this month dropped by 21.6, 19.0 and 9.6 percent, respectively.
• Compared to 2006 levels, this year’s commercial and government sectors’ holdings were lower by 13.9 and 2.5 percent, respectively. In contrast, household stocks went up by 2.3 percent. Imported rice  accounted for 80.0 percent of NFA stocks.
• Around 62 percent of the total rice stock inventory were with the households, while 20 percent and 18 percent were with the NFA depositories and commercial warehouses, respectively.

CORN STOCK

• The February 1, 2007 total corn stock inventory stood at 184 thousand metric tons, higher than the preceding month’s level by 3.9 percent but lower than last year’s record by 0.2 percent.
• Household holdings dropped by 3.9 percent compared to last month’s level, but went up by 5.0 percent from last year’s level. The commercial sector, on the other hand, posted 15.3 percent increment from last month’s record but declined from last year’s level by 5.3 percent.
• NFA reported no corn stock for the period.