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USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
Thursday, May 8, 2014

In Memory:  Leroy Isbell    

Leroy Isbell

The Arkansas and U.S. rice industries are saddened by the passing of Leroy Isbell, 90, of Humnoke, AR, on May 6, 2014.  A dedicated and progressive rice farmer, Mr. Isbell pioneered new farming practices, including zero-grade and rice behind rice rotations, as well as other innovations that brought him international acclaim and a place in the Arkansas Agriculture Hall of Fame.  In 1996, father and son Leroy and Chris Isbell were honored as the Rice Farmers of the Year by Rice Farming magazine.  At the time of his passing, Mr. Isbell's 65th rice crop was planted.  His son, grandson and great grandsons - who learned from the best - will see it through to harvest. 

 

Visitation will be from 6 to 9 p.m. on Friday, May 9, at Wilson-Robison Funeral Home in England, AR.  Memorial services will be held at 2 p.m. on Saturday, May 10, at Macedonia Baptist Church in Humnoke, AR. 

 

On behalf of the USA Rice Federation, we extend heartfelt condolences to the family and friends of Leroy Isbell.

Vetter Committed to Enforcing Trade Rules   

 
Darci Vetter 

WASHINGTON, DC -- This morning, the Senate Finance Committee heard testimony from USDA's Darci Vetter, who is President Obama's nominee to become the new United States Trade Representative (USTR) Chief Agriculture Negotiator.  Vetter, who grew up on a farm in Nebraska that did business with Japan, said her experiences there showed her first-hand the value of agriculture trade.

 

She also said Congress and the executive branch must maintain a close relationship as the President's trade agenda moves forward, and she remains committed to preserving open and reliable overseas markets for "grown in America" agriculture products.

 

Noting her years of work at both the Senate Finance Committee and at the U.S. Department of Agriculture, Vetter said USTR must be committed to leveling the playing field for agriculture goods and must enforce existing trade rules.  She told Senators in attendance that, in her view, the World Trade Organization dispute settlement mechanism must be utilized to eliminate sanitary and phytosanitary restrictions that curb access to various countries around the world.

 

During questioning, Chairman Ron Wyden (D-OR) mentioned that many agriculture industries are concerned about Japan's lack of ambition when it comes to agriculture goods within the Trans Pacific Partnership (TPP) negotiations.   He asked about Ms. Vetter's strategy to create meaningful new access for agriculture goods in Japan.

 

Ms. Vetter replied, "the negotiations with Japan are in a sensitive stage, but they have pledged that no product will be excluded from the negotiations.   The negotiations team at USTR is committed to ambitious market access in the TPP negotiations, including the five sensitive agriculture products -- rice, wheat/barley, dairy products, sugar, and beef/pork."

 

USA Rice has joined many other U.S. agricultural groups in supporting the nomination of Ms. Vetter as the next Chief Agriculture Negotiator.

 

Contact:  Lauren Echols, (703) 236-1440

Weekly Rice Sales, Exports Reported 

WASHINGTON, DC -- Net rice sales of 33,100 MT for 2013/2014 were up noticeably from the previous week, but down 13 percent from the prior four-week average, according to today's Sales Export Highlights report.  Increases were reported for Haiti (20,900 MT), Honduras (8,800 MT), El Salvador (4,700 MT, including 1,600 MT switched from Guatemala), Canada (2,100 MT), and Yemen (1,200 MT).  Decreases were reported for Mexico (4,400 MT), Guatemala (1,400 MT), Turkey (800 MT), and Jordan (300 MT).  Net sales of 500 MT for 2014/2015 were reported for Jordan. 

Exports of 44,200 MT were down 21 percent from the previous week and 24 percent from the prior four-week average.
  The primary destinations were Haiti (22,500 MT), El Salvador (6,200 MT), Canada (3,400 MT), Mexico (3,000 MT), and Japan (2,500 MT).


This summary is based on reports from exporters from the period April 25 - May 1.
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for May 8


Month
Price
Net Change
May 2014
$15.310
- $0.095
July 2014
$15.500
- $0.045
September 2014
$14.485
 - $0.040
November 2014
$14.630
- $0.040
January 2015
$14.815
- $0.020
March 2015
$14.935
- $0.070
May 2015
$14.935
- $0.070


In the News 

Around Washington

Asia Trade Deal Faces More Delay North Queensland Register

A former White House trade policy adviser said on Wednesday the Trans-Pacific Partnership (TPP) would not be settled until after the mid-presidential term congressional elections

 

McCain, Flake Press EPA to Withdraw Water Rule The Hill

The appeal follows a similar request made last week by roughly 200 members of the House who called on McCarthy to rescind the Waters of the U.S. regulation

 

 

Around the USA

Arkansas: 'Flag the Technology' Goes to the Cloud Agfax

FTTCloud is based on Google Maps and allows users to map out what crop technology they're using on which row crop field

 

China Looks to Buy American Farms Agwatch Network

China Investment Corp. (CIC) is seeking to diversify its portfolio and has been reviewing opportunities to invest in agriculture-related businesses, a field it had previously shown less interest in

 

 

Around the World

Colombia Violation Trade Promotion Agreement Allege US Rice Exporters Oryza

Colombians say the subsidy is needed to fight the rice imports from the U.S. while the Americans say the subsidy defeats the spirit of the free trade agreement negotiated between the two countries for a myriad of products including rice

 

Costa Rican Rice Producers Fight Elimination of Gov't-Backed Price Controls

Bloomberg Businessweek

R ice is the only basic food in Costa Rica with a fixed price set by the government, but an executive decree issued on May 20, 2013 calls for price controls to end, letting the market determine the price as of March 2014

 

Thailand Rice Exporters Regain Status Wall Street Journal

The United Nations said in its biannual food outlook that Thailand is now on track to export 8.7 million metric tons of rice in 2014, putting it second to India

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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

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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.