RICE STOCK

• The total rice stock inventory as of July 1, 2008 was estimated at 2.18 million metric tons. It was lower than previous month’s level by 1.1 percent but 42.9 percent higher than last year’s record.
• Comparative estimates with those of last month showed stock drawdowns in the households by 9.3 percent and in commercial warehouses by 14.6 percent. In contrast, stocks in NFA depositories of which 98 percent are imported rice went up by 17.1 percent.
• Compared to last year, the increment in the total rice stock was brought about by the significant increase in NFA depositories by 210.3 percent. Similarly, stocks in household and commercial sectors were also higher by 2.6 percent and 4.7 percent, respectively.
• As of the reporting period, rice stock in the households was good for 27 days, while those of the commercial and NFA sectors were good for 12 days and 28 days, respectively. The total stock was enough to last for 67 days.

CORN STOCK

• The July 1, 2008 corn stock inventory of 258.4 thousand metric tons was 11.1 percent and 138.4 percent higher than last month’s and last year’s levels, respectively.
• Compared to last month, stocks in both household and commercial warehouses went up by 11.7 percent and 10.9 percent, respectively.
• Likewise, compared to last year, commercial stocks registered a significant increase of 259.9 percent. Household holdings were also higher by 10.4 percent as compared to last year.
• NFA reported no corn stock for the period.