A. Rice Stock

• Initial inventory of total rice stock as of September 1 was 1.2 million metric tons, about 119 thousand metric tons lower than last month’s stock following drawdowns in household stock and commercial holdings by about 13 and 11 percent, respectively. The current rice stock inventory is good for 46 days supply, about 23 days short of last year’s same period supply.
• Of the current rice stock, about 39 percent were in the households while 36 and 25 percent were with the NFA and commercial depositories, respectively.
• September 1 stock this year fell by about 514.2 thousand metric tons from last year attributed to the combined significant drop in commercial and NFA stocks position by 485 thousand metric tons.
• About 228 thousand metric tons or 53 percent of the total NFA stock holdings were imported rice.

B. Corn Stock

• Total corn stock volume as of September 1 was 241 thousand metric tons, about 61 percent more than last month’s stock position as household stock level increased by 118.1 percent. A slight increase in commercial stock level was also noted. Said increases were attibuted to the onset of peak harvest for corn. The current level, however, was 27 percent short of last year’s stock position.
• Household stock comprised about 61 percent of the current corn stock holdings. NFA reported no corn stock for the period.