RICE STOCK

• The June 1, 2006 total rice stock inventory reached 2.22 million metric tons, 8.5 percent lower from its month ago level but 18.0 higher than last year’s record.
• Stock position in all sectors declined compared to their month ago levels. In households, stock dropped by 16.2 percent; in commercial warehouses, by 0.7 percent and in NFA depositories, by 1.2 percent. About 95 percent of NFA stocks were imported rice.
• Compared to previous year’s same period stock position, household, commercial and government sectors posted higher stock levels at 18.5, 10.3 and 22.9 percent, respectively.
• As of the reporting period, rice stocks in these three sectors were good for 33 days supply, 25 days supply and 16 days supply, respectively. The total stock was enough to last for 74 days supply.

CORN STOCK

• The June 1, 2006 total corn stock inventory of 146 thousand metric tons was lower by 19.9 percent from last month’s level and by 20.2 percent from same period last year’s record.
• Compared to previous month’s stock levels, those in the households and commercial warehouses decreased by 25.7 and 8.1 percent, respectively. In contrast, stocks held by households recorded a 45.9 percent increment from last year’s level. The commercial sector, on the other hand, recorded a drawdown of 53.5 percent.
• Around 62.0 percent of the current corn stock are with the households and 38.0 percent are with the commercial warehouses. NFA reported no corn stock for the period.