RICE STOCK

• The January 1, 2006 total rice stock inventory stood at 2.08 million metric tons, lower than previous month’s level by 13.4 percent, but slightly higher by 1.7 percent from last year’s level. The current stock is enough to last for 69 days.
• Stock position in all sectors dropped compared to last month with major drawdown of 22.9 percent in NFA depositories.
• Compared to last year, the current rice stock inventory went up due to significant increase in NFA holdings by 36.3 percent. Imported rice accounted for 84.0 percent of NFA stocks which was 14.0 percent higher compared to last year.
• NFA rice stock was good for 11 days supply, while those in the households and commercial warehouses were good for 44 and 14 days supply, respectively.

CORN STOCK

• The January 1, 2006 corn stock inventory was estimated at 204.4 thousand metric tons, lower than the preceding month’s level  by  10.1 percent but  6.7  percent  higher  than last year’s level.
• Compared to last month, trader’s stock dropped by 19.8 percent but it was 15.0 percent higher than 2005 level.
• Around 53 percent of the current corn stocks were with the  households  and 47 percent were with the commercial warehouses.
• NFA reported 515 metric tons of corngrain for the period.