RICE STOCK

• The October 1, 2008 total rice stock was estimated at 2.18 million metric tons. It surpassed last month’s and last year’s levels by 13.2 percent and 58.3 percent, respectively.
• Stocks in the household and commercial sectors posted increments over their month ago levels by 22.1 and 11.2 percent, respectively. The increase was attributed to the bulk of harvests in most areas during the later part of September. Likewise, NFA stocks of which 90 percent were imported rice went up by 7.0 percent.
• Compared to their 2007 records, the household, commercial and NFA stocks were higher by 9.5 percent, 20.8 percent and 241.0 percent, respectively.
• Around 39 percent of the current total rice stocks were in the households, while 18 percent and 43 percent were in commercial warehouses and NFA depositories, respectively. The total rice stock was enough for 66 days supply.

CORN STOCK

• The total corn stock as of October 1, 2008 was recorded at 344.5 thousand metric tons. The stock was higher by 1.1 percent from previous month’s level and 4.3 percent from last year’s level.
• The household sector posted stock decreases of 14.4 percent from last month’s record and 15.0 percent from October 2007 level. On the other hand, stock in the commercial sector registered increments of 30.9 percent and 45.9 percent compared to last month’s and last year’s records, respectively.
• NFA reported no corngrain stock for the period.