Grain stocks rise in January

Corn, however, rose by just 3.7% in the same period, the same data showed.

Rice inventory last month reached 2.638 million metric tons, compared to the 2.172 MMT recorded in the same month last year, but 11% less than the 2.954 MMT in December.

This is enough to meet the country’s requirement for 80 days, based on the estimated daily consumption of 33,100 MT of rice.  Rice stocks in households, which account for nearly half the nation’s stocks, actually dropped 6.2% year-on-year and 13.8% from the December level. Similarly, commercial warehouses reported a year-on-year 7.1% drop in stocks to 425,100 MT in January.

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