RICE STOCK

• The total rice stock inventory as of September 1, 2008 was estimated at 1.92 million metric tons. It was higher by 1.1 percent and 69.9 percent from last month’s and last year’s levels, respectively.
• Compared to last month, stock in the households dropped by 1.3 percent. In contrast, stocks in commercial and NFA warehouses went up from  their  month-ago levels by 3.6 percent and 2.1 percent, respectively. About 96 percent of NFA stock were imported rice.
• Stocks in the households, commercial warehouses and NFA depositories registered significant increases of 16.4 percent, 54.2 percent and 186.1 percent, compared to their respective year ago records.
• As of the reporting period, NFA rice stock was good for 26 days supply, while those in the household and commercial sectors were good for 21 and 11 days supply, respectively. The total stock was enough for 58 days supply.

CORN STOCK

• The September 1, 2008 total corn stock inventory was estimated at 340.9 thousand metric tons. The stock was higher than last month’s and last year’s record by 98.9 and 10.4 percent, respectively.
• Households’ corn stock increased by a hefty 221.8 percent compared to last month’s level. This was due to good harvests during the season. Stock in commercial warehouses also increased by 14.5 percent and 62.9 percent compared to last month’s and last year’s levels.
• Of the current total corn stock, around 66 percent and 34 percent were with the households and commercial warehouses, respectively. NFA reported no corn stock for the period.