Rice Stock

• Total rice stock as of May 1, 2003 was estimated at 2.40 million metric tons, around 273 thousand m.t. (12.8%) higher than last year’s stock volume for the same period. It was also 7.1 percent higher than the preceding month’s level of 2.24 million metric tons.
• Compared to last year, all sectors posted higher stock levels. The NFA holdings registered a 28.3 percent increment with inflows from domestic procurement and imports. Imported rice accounted for 64.5 percent of NFA stocks.
• The current supply in households and commercial holdings went up by 14.9 and 11.0 percent, respectively compared to the preceding month. That of  NFA’s  went down by around 7.1 percent.
• As of the reporting period NFA rice stocks was good for 25 days, while those of the households and commercial warehouses were good for 45 and 21 days , respectively.

Corn Stock

• The current total corn stock amounted to 196 thousand metric tons, lower than  the  preceding month and that of last year’s level by 17.7 and 18.1 percent, respectively.
• Compared to last year and month ago levels, major stock drawdown was observed in the commercial sector (25%) and household sector (27%), respectively.
• Around 46 percent of the current corn stocks are with the households and 54 percent are with the commercial warehouses.
• NFA still has no corn stock reported in both periods.