A. Rice Stock

• Initial estimates of inventory of the October 1 total rice stock reached 1.53 million metric tons, about 327 thousand metric tons or 27 percent more than last month’s stock. This was attributed largely to the 46.5 percent increase in household stocks. Commercial and NFA rice stocks level likewise increased by 10 and 18 percent, respectively. The current stock position is good for 59 days supply.
• Compared to last year, stock level this year dropped by 350 thousand metric tons as NFA stock holdings dropped by 30 percent (220 thousand metric tons) and commercial stocks by 25 percent (111 thousand metric tons). A minimal drop in household stock level was also noted.
• About 338 thousand metric tons or 66 percent of the month’s total NFA stock holdings were imported rice.
• Of the current rice stock, about 45 percent were in the households while 33 and 22 percent were with the NFA and commercial depositories, respectively.

B. Corn Stock

• Initial estimates of inventory of the October 1 total corn stock was estimated at 340.5 thousand metric tons, nearly 100 metric tons more than last month’s stock due to the 67 percent increase in the household stock as peak harvest for corn was just over.
• Bulk of the total corn stock (72%) were in the households. NFA reported no corn stock.
• Compared to last year’s stock level, the current corn stock is 31 percent higher, the increase coming from households.
• Commercial depositories held in stock about  the same volume of corn during the three inventory periods.