RICE STOCK

• The January 1, 2005 total rice stock inventory stood at 2.06 million metric tons, lower than previous month and year ago levels by 14.3 and 12.8 percent, respectively. The current stock is enough to last for 72 days.
• Stock position in all sectors dropped compared to last month with major drawdown of 20.2 percent in NFA depositories.
• The current rice stock inventory went down from that of last year due to significant decrease in NFA holdings by 58.6 percent. Imported rice accounted for 59 percent of NFA stocks.
• As of the reporting period, NFA rice stock was good for 9 days supply, while those in the households and commercial warehouses were good for 48 and 15 days supply, respectively.

CORN STOCK

• The January 1, 2005 corn stock inventory amounted to 205 thousand metric tons, lower than the preceding month and that of last year’s levels by 19.0 and 2.8 percent, respectively.
• Compared to last year and month ago levels, major stock drawdown was observed in the commercial sector (31.1%).
• Around 53 percent of the current corn stocks are with the households and 47 percent are with the commercial warehouses.
• NFA reported no corn stock for the period.