RICE STOCK

• The total rice stock inventory as of September 1, 2006 was estimated at 1.65 million metric tons, down by 6.0 percent from last month’s level but 26.1 percent higher than in September of last year.
• Holdings in the households and commercial sectors dropped from their month-ago levels by 12.8 percent and 13.2 percent, respectively. On the other hand, NFA stock of which 97 percent are imported rice, went up by   4.7 percent.
• Compared to last year, stocks in households, commercial warehouses and NFA depositories increased by 5.3 percent, 24.9 percent and 52.0 percent, respectively.
• As of this reporting period, NFA rice stocks was good for 24 days supply, while those of the households and commercial sector were good for 20 and 11 days supply, respectively. The total stock was enough for 55 days supply.

CORN STOCK

• The September 1, 2006 total corn stock inventory of 254.6 thousand metric tons was 101.3 percent higher than last month’s level but 30.6 percent lower than last year’s record.
• Households’ corn stocks increased by a hefty 191.8 and 15.7 percent compared to the month and year-ago levels, respectively. This was due to good harvests during the season. In contrast, stocks in commercial warehouses dropped by 70.4 percent compared to month-ago level.
• Of the current total corn stock, around 77 percent were with the households, 23 percent were with the commercial warehouses. NFA reported no corn stock for the period.