RICE STOCK

• The January 1, 2007 total rice stock inventory stood at 2.27 million metric tons, lower than previous month’s level by 12.1, but 8.4 percent higher than last year’s level.
• Compared to last month, stock positions in the households, commercial warehouses and NFA depositories dropped by 10.2 percent, 12.8 percent and 16.8 percent, respectively.
• Compared to last year, the current rice stock inventory went up due to the significant increase in NFA holdings by 34.5 percent. Imported rice accounted for 85.0 percent of NFA stocks.
• As of the reporting period, NFA rice stock was good for 16 days supply, while those in the households and commercial warehouses were good for 47 and 16 days supply, respectively.

CORN STOCK

• The January 1, 2007 corn stock inventory amounted to 173.3 thousand metric tons, lower than the preceding month and that of last year’s levels by 4.4 and 14.9 percent, respectively.
• Compared to last  month  and  last year’s records, the commercial sector registered major stock drawdowns of 21.3 percent and 28.3 percent, respectively. However, household holdings went up by 11.1 percent as compared to same period last month.
• Around 60 percent of the current corn stocks are with the households and 40 percent are with the commercial warehouses.
• NFA reported no corn stock for the period.