President's Trade Agenda Under the Microscope on Capitol Hill
|
|
Ambassador Froman
|
WASHINGTON, DC -- This afternoon, United States Trade Representative Michael Froman testified before the Senate Finance Committee. In his remarks, Ambassador Froman noted the important role of opening markets for "Made in America" exports while fully enforcing our trade laws and rights.
During the hearing, Senators addressed a range of issues from Trade Promotion Authority (TPA), the Trans-Pacific Partnership (TPP), and currency manipulation.
With respect to the TPP negotiations, Sen. John Thune (R-SD) asked if the Ambassador could provide an update on President Obama's negotiations with Prime Minister Abe during their meeting in Japan last week. Ambassador Froman said the two men have, "identified a path forward for agriculture products and automotives in Japan, which will allow for continued momentum to the TPP negotiations."
"The USA Rice Federation appreciates the many days and hours put in by Ambassador Froman and his staff to improve access for U.S. rice in Japan," said Bob Cummings, USA Rice COO. "It's good to have a path forward, but we need to see concrete offers from Japan about how the quantity and quality of U.S. rice access will improve significantly in TPP, and we continue to work with USTR to this end."
In closing, Chairman Wyden noted the importance of trade enforcement, saying, "We (the United States) honor our trade agreements, but our partners don't necessarily do the same." The Chairman asked that the Ambassador commit to monitor and enforce existing trade agreements while also seeking new opportunities to grow access for U.S. goods.
Contact: Lauren Echols, (703) 236-1440
|
New Consumer Recipe Contest Launched
|
ARLINGTON, VA -- USA Rice Federation and the California Wild Rice Advisory Board (CWRAB) launched "Explore the Wild - Rice Recipe Contest" today. The contest encourages consumers to cook with U.S.-grown wild and regular rice to create an innovative, delicious, and easy-to-prepare dish.
To enter the contest, consumers submit original recipes that can be prepared in 30 minutes using U.S.-grown wild rice blends. Three winners will receive gift cards and Aroma rice cookers, and their recipes will be published on the USA Rice and CWRAB websites. The thirty-one day contest will conclude on May 31 and winners will be announced June 9.
The contest will be publicized on social media outlets throughout the month and in a USA Rice consumer e-newsletter.
Contact: Katie Maher, (703) 236-1453
|
Weekly Rice Sales, Exports Reported
| WASHINGTON, DC -- Net rice sales of 11,800 MT for 2013/2014 were down 83 percent from the previous week and 79 percent from the prior four-week average, according to today's Sales Export Highlights report. Increases were reported for Haiti (6,300 MT), Canada (1,800 MT), Saudi Arabia (600 MT), Honduras (500 MT), and Japan (400 MT).
Exports of 56,000 MT were down 18 percent from the previous week, but up 10 percent from the prior four-week average. The primary destinations were Japan (13,000 MT), Costa Rica (10,700 MT), Haiti (6,300 MT), Honduras (6,100 MT), and Mexico (4,500 MT).
This summary is based on reports from exporters from the period April 11-17.
|
CME Group/Closing Rough Rice Futures | CME Group (Preliminary): Closing Rough Rice Futures for May 1
May 2014
| $15.645
|
+ $0.030
| July 2014
| $15.515
|
- $0.040
| September 2014
| $14.540
|
- $0.030
| November 2014
| $14.645
|
- $0.045
| January 2015
| $14.830
|
- $0.045
| March 2015
| $15.005
|
- $0.045
| May 2015
| $15.005
|
- $0.045
|
|
In the News
|
Around Washington
Barack Obama's Fast Track Hopes on Trade Remain Stuck in the Slow Lane Financial Times
To get a deal to Congress for approval - and make the case for fast-track authority - by the end of this year, or even early in 2015, seems ambitious
U.S. Announces New Landmark Conservation Initiatives USDA
New programs, created by the 2014 Farm Bill provide up to $386 million to help farmers restore wetlands, protect working agriculture lands, support outdoor recreation activities, and boost the economy
Around the USA
Acres of Help - Ageless Acts of Kindness in Modern World Delta Farm Press
In February 2013, the first Acres of Help fundraiser brought in almost $130,000; the second year, it raised just under $150,000
Around the World
Basmati Exports Losing Aroma as Iran Goes High on Curbs Financial Express
Iran, the principal driver of India's rice exports, has turned protectionist and clamped curbs on the import of the grain from India
FAO and National Geographic Announce Collaboration Exploring Future of Food Ein News
The Food and Agriculture Organization of the United Nations (FAO) joins National to raise awareness on food and agriculture issues as National Geographic begins an eight-month, in-depth report on food issues
U.S. Approves Request by the Philippines to Continue Quantitative Restrictions on Rice Imports Oryza
In 1995, the WTO allowed the Philippines to impose a 10-year quota system for its rice imports and then extended the quota system until 2012, and now the country has requested a further extension to 2017 to protect local farmers
U.S. Rice Fighting Competition in Mexico Agfax
USA Rice Federation article
|
|
|
|
Upcoming Events | Events Calendar
|
Mission Statement | USA Rice Federation is the global advocate for all segments of the U.S.
rice industry with a mission to promote and protect the interests of
producers, millers, merchants and allied businesses. |
About Us | Editor: Michael Klein, (703) 236-1458, mklein@usarice.com
Fax (703) 236-2301
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201
This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of the USA Rice Federation
Copyright © 2014. Please direct comments or questions to the editor or contact name listed for each story. |
|
|