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Rice is a Growing Restaurant Trend
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 | | Bring on the rice! |
ARLINGTON, VIRGINIA -- Rice is hot! According to the National Restaurant Association's 2014 What's Hot Culinary Forecast, diners will see more rice selections on restaurant menus as consumers are looking for gluten-and allergen-free choices rich in nutrients.
Healthy and whole grain menu options are also a top priority for diners. Rice is a nutritious and versatile food that allows foodservice professionals to create countless dishes that are delicious, healthful and on-trend.
"Ranking among the top ten hottest trends predicted by the survey since 2010, gluten-free menus are showing staying power," said Katie Maher, USA Rice Federation Domestic Promotion Programs Manager. "Chefs and operators are utilizing naturally gluten-free U.S.-grown rice to satisfy customers' desire for meals that are unique, global, and healthy."
Contact: Deborah Willenborg, (703) 236-1444
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WASDE Report Released
|  WASHINGTON, DC -- U.S. 2014/15 all rice supplies are forecast up 6 percent from 2013/14, and total use is up 5 percent-leading to a 17 percent increase in 2014/15 ending stocks. Beginning stocks for 2014/15 are forecast at 29.3 million cwt, down 20 percent from the previous year. Projected 2014/15 imports at 22.0 million cwt are unchanged from 2013/14. U.S. rice production for 2014/15 is projected at 213.0 million cwt, up 12 percent from 2013/14. Long-grain production is projected at 161.0 million cwt, and combined medium- and shortgrain production at 52.0 million. Harvested all rice area is estimated at 2.85 million acres. Long-grain harvested area at 2.21 million acres is up 25 percent from the previous year. Combined medium- and shortgrain harvested area at 0.65 million acres is down 8 percent from 2013/14. The decline in California medium-grain plantings due to drought and water restrictions have attracted more acres of medium-grain rice in the Delta where plantings in 2014 are projected up 39 percent. All rice average yield is projected at 7,468 pounds per acre, down 3 percent from the previous year's record-based on trend analysis by rice class.
U.S. 2014/15 all rice total use is projected at 230.0 million cwt with domestic and residual use at 128.0 million, and exports at 102.0 million. Long-grain rice exports are projected at 72.0 million cwt, and combined medium- and short-grain rice exports at 30.0 million. Larger long-grain supplies in 2014/15 and lower projected prices are expected to expand exports, but competition for markets is expected to be strong. Exports of medium-grain rice will be constrained by tighter U.S. supplies because of reduced plantings in California. U.S. all rice ending stocks for 2014/15 are projected at 34.3 million cwt, with long-grain ending stocks at 24.3 million cwt, and combined medium- and short-grain rice stocks at 7.7 million.
WASDE-529-3 The U.S. 2014/15 long-grain rice season-average farm price is projected at $13.50 to $14.50 per cwt, compared to a revised $15.20 to $15.80 for the previous year. The combined medium- and short-grain price is projected at $18.50 to $19.50 per cwt, compared to a revised $17.70 to $18.30 for the year earlier. The 2014/15 all rice price is projected at $15.00 to $16.00 per cwt, compared to a revised $15.80 to $16.40 per cwt for 2013/14.
Global 2014/15 total rice supply and use are each projected to reach record levels at 592.0 and 482.2 million tons, respectively, and results in a 1.5-million decrease in world ending stocks. Global 2014/15 rice production is projected at a record 480.7 million tons, up 4.6 million from 2013/14. Record to near-record rice crops are projected in Asia-assuming normal weather. Record crops are projected for the major exporters including India, Thailand, and Vietnam. Additionally, large crops are forecast for other exporters including Burma, Cambodia, and Egypt. On the importer side, record or near-record crops are forecast for Indonesia, the Philippines, and Sub-Saharan Africa. Global 2014/15 consumption is projected at a record 482.2 million tons, up 1.5 percent from the previous year. Global exports in 2014/15 are projected at a record 41.4 million tons, up 1.0 million from 2013/14. Thailand is forecast to be the largest global rice exporter in 2014/15 with exports of 10.0 million tons followed by India at 9.0 million and Vietnam at 6.7 million. Large 2014/15 imports are projected for China, the Middle East, and Sub-Saharan Africa. China's imports have surged since 2011/12 and are forecast to be the largest importer with imports of 3.7 million tons in 2014/15. China's annual consumption needs have overtaken production since 2012/13 resulting in declining stocks. Strong domestic prices in China have encouraged imports of lower-priced rice from Burma, Pakistan, and Vietnam. Global 2014/15 ending stocks are expected to decrease 1.5 million tons to 109.8 million. The largest year-to-year stocks reductions occur in India and China-down 1.0 million tons and 0.65 million, respectively.
Read the full report here.
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Notice of Open Tender
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AARQ Association for the Administration of Rice Quotas, Inc.
Independent bids are invited for rights to ship U.S.-origin milled rice to the European Union under a tariff-rate quota (TRQ) granted by the EU to the United States.
Bids must be submitted on May 29, 2014 for the July 2014 TRQ Tranche, in which the following quantity is available:
Volume (metric tons)
EU Duty
Semi-Milled or Milled Rice 9,680 zero
(HTS item 1006.30)
TRQ Certificates will be awarded to the highest bidder(s). Any person or entity incorporated or domiciled in the United States is eligible to bid. The minimum bid quantity is 18 metric tons. Performance security (the lesser of $50,000 or the total value of the bid) must be submitted with each bid. Potential bidders may obtain the required bid forms and bid instructions from:
AARQ Administrator
Economic Consulting Services, LLC
2001 L Street, NW, Suite 1000
Washington, D.C. 20036
Tel: (202) 466-1150 Fax: (202) 785-3330
Note: Potential bidders should consult regulations in the Official Journal of the European Union to determine the applicable tariff rate on semi-milled/milled rice. AARQ disclaims any responsibility for advising potential bidders on applicable tariff rates. Potential bidders should also consult EC regulations relating to testing for unauthorized GMOs.
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| CME Group/Closing Rough Rice Futures | CME Group (Prelim): Closing Rough Rice Futures for May 9
| May 2014 | $15.300 |
- $0.010
| | July 2014 | $15.430 |
- $0.070
| | September 2014 | $14.435 |
- $0.050
| | November 2014 | $14.580 |
- $0.050
| | January 2015 | $14.755 |
- $0.060
| | March 2015 | $14.920 |
- $0.015
| | May 2015 | $14.920 |
- $0.015
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In the News
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Around the U.S.
USA Rice and Ducks Unlimited study included in weekly television round up of USDA activities (second news story)
Herbicide-resistant sedges in Arkansas rice fields - Delta Farm Press
Sarah Palin endorses Rob Maness for Louisiana U.S. Senate seat - The Times Picayune
Around the World
Kingdom could regain rice-export crown - The Nation (Thailand)
Thailand thinks it may be able to become the world's leading rice exporter once again this year, with export volume reaching 10 million tonnes.
FAO Projects Higher Rice Prices as Importers Return to the Market and El Niño Dampens Production - Oryza.com
EU warms to Japan trade talks after TPP progress - The Japan News
Japan follows South Korea towards Europe, a comparison of U.S. and EU take on ag
America's proposed TPP: buyer beware - Korea Times
An economist thinks TPP would be bad for financial regulation
Other News
What You Farm Affects Your Thinking, Study Says - National Geographic
A new study says rice growers act more collectively, wheat growers go their own way.
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USA Rice Daily Index of Articles, May 5 - 8
| Thursday, May 8
In Memory: Leroy Isbell
Vetter is Committed to Enforcing Trade Rules
Wednesday, May 7
Promotions and Improved Quality to Help Increase U.S. Rice Sales in Guatemala
Tuesday, May 6
New Report Stresses 'What's Good for Rice is Good for Ducks'
Monday, May 5
California Rice Commission Brings Water Issues into Focus
Crop Progress: 2014 Crop 57 Percent Planted
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| Upcoming Events | Events Calendar
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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. |
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