RICE STOCK

• The total rice stock inventory as of July 1, 2005 was estimated at 1.63 million metric tons, 14.2 percent lower than previous month’s level as less harvest came in the later part of June, but 3.3 percent  higher compared to last year. This year’s July 1 stock  was enough to last for 57 days.
• Comparative estimates with that of last month showed stock drawdowns in all sectors  ranging from 10.1 to 20.3 percent.
• Compared to last year, household and commercial sectors’ holdings dropped by 7.7 and 14.4 percent respectively. NFA stocks which consisted of 92 percent imported rice recorded a 49.7 percent increment.
• Of  the  current  stock, about 46 percent were with households, while 21 and 33 percent were with commercial warehouses and NFA depositories, respectively.

CORN STOCK

• As of July 1, 2005, total corn stock inventory was estimated at 237 thousand metric tons, 30.5 percent and 24.1 percent higher compared to last month and last year’s records.
• Stock level in commercial warehouses went up from last month and last year by 49.3 percent and 58.4 percent, respectively. Household sector holdings, on the other hand, decreased significantly from 5.5 percent to 25.1 percent compared to last month and same period last year.
• NFA reported 114 metric tons of corn stock for the period.