RICE STOCK

• The July 1, 2004 total rice stock inventory reached 1.63 million metric tons, down by 16.4 and 9.8 percent from its month and year ago levels, respectively due to non-arrival of expected rice imports and possible increase in per capita intake. The current stock level is good for 58-day supply, with 29 days stored in the households, 15 days in the commercial warehouses and 14 days in the NFA depositories.
• Stock position in all sectors dropped significantly compared to that of last month with major drawdown of 24.5 percent in the NFA depositories; 12.5 percent in the commercial warehouses and 13.8 percent in the households.
• Compared to the previous year’s  same period stock position, households’ stock alone went up by 20.2 percent. NFA’s and commercial stocks went down by a significant 39.1 and 12.2 percent, respectively.

CORN STOCK

• The July 1, 2004 total corn stock inventory of 191 thousand metric tons was 12.0 percent below that of last month’s level but 13.8 percent higher from same period last year.
• Compared to previous month’s stock level, those in the households increased by 8.1 percent, as peak of corn harvest started. Commercial stocks however went down by 22.1 percent as demand for feeds increased following a low import arrival. On the other hand, compared to their year ago levels, both sectors posted increments of 20.4 and 9.7 percent, respectively.
• Around 41.0 percent of the current corn stocks are with the households and 59.0 percent are with the commercial warehouses. No stock was reported  by NFA.