RICE STOCK

• The country’s rice stock inventory as of  November 1, 2004 was estimated at 2.29 million metric tons, enough to last for 85 days based on the average daily rice requirement of 27 thousand tons. The current stock is 47.0 percent higher than previous month’s, but 9.6 percent lower compared to that of last year’s level.
• Compared to last month and previous year stock levels, the household sector posted increments of 75.2 percent and 2.3 percent respectively. Traders stocks rose by 35.1 percent compared to last month, but down 5.2 percent from that of last year. On the other hand, NFA stock levels were below its month and year ago levels by 5.6 and 42.0 percent, respectively. Imported rice accounts for 80 percent of NFA stocks.
• More than half of the current total rice stocks came from the households, while 21.0 percent and 15 percent each were with the NFA and commercial sector.

CORN STOCK

• The November 1, 2004 corn stock inventory of 263.8 thousand metric tons was 37.9 percent lower compared to its month ago level, but up by 6.0 percent over last year’s record.
• Stock position in the households dropped by 57.8 percent from that of last month influenced by the high price of corn but still 5.1 percent higher from last year’s level. Stocks in commercial warehouses were 25.8 and 7.1 percent higher compared to its month and year ago levels, respectively.
• NFA reported no corn stock for the period.