Rice Stock

• The total rice stock inventory as of July 1, 2003 was estimated at 1.82 million metric tons, lower than previous month’s level by 13.8 percent but 17.7 percent higher compared to that of last year. It is enough for 69 days national rice requirement.
• Comparative estimates with that of last month showed stock drawdowns in all sectors ranging from 10.5 to 18.4 percent.
• Compared to last year, the NFA and commercial sectors’ holdings went up by 46.2 and 21.1 percent respectively, but those in the households dropped by 2.4 percent.
• Of the current stock level about 38 percent are with the households   while 26 and 36 percent are in the commercial and NFA depositories, respectively.

Corn Stock

• The July 1, 2003 corn stock inventory of 168 thousand tons was 8.8 percent below last month’s level, but 24.4 percent above last year’s record.
• The commercial sector posted a significant increase of 45.2 percent over last year’s level.
• Stock holdings in both household and commercial sector dropped compared to last month.
• NFA reported no corn stock for the period.