RICE STOCK

• The total rice stock inventory as of November 1, 2008 was estimated at 2.94 million metric tons. The volume of stocks was higher than the previous month’s  level by 35.8 percent. This was also  higher than last year’s level by 44.1 percent.
• Households stocks were 69.8 percent more than the October 1, 2008 inventory. Commercial warehouses reported  39.3 percent more stocks while NFA depositories posted a 3.6 percent increment over last month’s level.
• Compared to 2007 levels, this year’s November 1 holdings were higher, with NFA reporting a substantial expansion of 227.4 percent. Stocks in commercial warehouses were also up by 43.0 percent and in the households, by 4.8 percent. About 78.0 percent of NFA stocks were imported rice.
• As of the reporting period, NFA rice stocks would be good for 30 days, while those in the commercial sector would be good for 16 days. Households rice stocks would last for 43 days. The total rice stock  would  be enough for 89 days.

CORN STOCK

• The November 1, 2008 corn stock inventory of 204.5 thousand metric tons was 45.7 percent lower compared to last month’s record. It was also below last year’s level by 28.6 percent.
• Compared to last month, stock position in the households dropped by 71.6 percent while in the commercial warehouses, inventory was up by 71.3 percent. Relative to last year’s level, stocks in the households were lower by 36.4 percent, while those in commercial warehouses were down by 21.3 percent.
• NFA did not have any corn stocks during the inventory period.