RICE STOCK

• The total rice stock inventory as of July 1, 2007 was estimated at 1.53 million metric tons, lower than previous month and last year’s levels by 6.1 percent and 22.0 percent, respectively.
• Comparative estimates with those of last month showed stock drawdowns in the households by 11.2 percent and in commercial warehouses by 7.5 percent. In contrast, stocks in NFA depositories of which 89 percent are imported rice went up by 15.3 percent.
• Compared to last year, the decline in the total rice stock was brought about by the significant decrease in NFA depositories and commercial warehouses by 57.9 percent and 11.2 percent, respectively.
• Of the current stock level, about 56 percent are with the households while 24 and 20 percent are in commercial warehouses and NFA depositories, respectively.

CORN STOCK

• The July 1, 2007 corn stock inventory of 108 thousand tons was 19.1 percent and  11.4  percent  below  last month and last year’s levels, respectively.
• Compared to last month, stocks in households dropped by 11.0  percent and commercial warehouses by 25.5 percent.
• Likewise, compared to last year, commercial stocks and household holdings declined by 13.3 percent and 9.3 percent, respectively.
• NFA reported 5.0 metric tons of corn stock for the period.