RICE STOCK

• The total rice stock inventory as of March 1, 2007 was estimated at 1.59 million metric tons, down by 13.5 and 7.4 percent from its month and year ago levels, respectively.
• The household and commercial sectors’ holdings dropped from their month ago levels by 13.9 percent and 1.8 percent, respectively. Likewise, NFA stock of which 77 percent are imported rice went down by 23.2 percent.
• Compared to last year’s levels, the NFA and commercial sectors’ holdings dropped by 28.1 and 9.3 percent, respectively. In contrast, household stocks went up by 1.3 percent, awaiting perhaps for higher prices following the current price trend.
• As of the reporting period, NFA rice stock inventory was good for 9 days supply, while the households and commercial sectors had 32 and 10 days supply, respectively.

CORN STOCK

• The March 1, 2007 total corn stock inventory of 242 thousand metric tons  was  31.8 percent higher than last month’s level. In contrast, it was 5.2 percent lower than last year’s record.
• The households corn stock increased by 18.6 percent compared to its month ago level, but registered 26.5 percent decrease from last year’s inventory. On the other hand, compared to its month and year ago levels stocks in commercial warehouses went up by 47.8 percent and 33.4 percent, respectively.
• Of the current corn stock, around 49 percent were with the households while 51 percent were in commercial warehouses. NFA reported no corn stock for the period.