TPP Trade Ministers Meet in Singapore; Still Seeking Agreement
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Is that progress I see?
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SINGAPORE -- Nearly all trade ministers of the 12 countries seeking to reach a Trans-Pacific Partnership (TPP) trade agreement met earlier this week. Ministers are negotiating a broad free-trade agreement, but progress continues to be stalled pending agreement between the United States and Japan on market access issues for autos and light trucks - a key "offensive issue" for both countries - and agricultural products where the United States is on the offensive and Japan has a defensive, or protectionist, position. As at previous TPP meetings, USA Rice was represented. Michael Rue, a California producer and vice chairman of the USA Rice International Trade Policy committee, and COO Bob Cummings attended. An agreement in the near term is unlikely given divergent positions of key TPP countries on range of market access issues.
USA Rice is seeking improvement in the quantity of U.S. rice available to Japan's market as well as significant improvement of our access so that consumers and end users, and not the Japanese government, decide the type and form of U.S. rice imported. Rue and Cummings met with U.S. negotiators and congressional staff representatives to discuss rice market access.
"The TPP negotiations are the best opportunity in a generation to gain significant and lasting improvements in access for U.S. rice," said Rue. "We will continue to educate U.S. negotiators and Congress about the importance of an acceptable TPP agreement that delivers real benefits for U.S. rice producers and marketers."
U.S. Trade Representative Michael Froman announced that TPP countries will meet again in July at the level of chief negotiators. No date or location for this meeting was announced.
Contact: Bob Cummings, (703) 236-1473
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Weekly Rice Sales, Exports Reported
| WASHINGTON, DC -- Net rice sales of 64,500 MT for 2013/2014 were up noticeably from the previous and from the prior four-week average, according to today's Sales Export Highlights report. Increases were reported for Japan (25,300 MT), Haiti (14,300 MT), Mexico (10,500 MT) El Salvador (6,300 MT, including 6,800 MT switched from unknown destinations and decreases of 500 MT), and Costa Rica (5,000 MT). Decreases were reported for unknown destinations (7,400 MT).
Exports of 90,600 MT were up 5 percent from the previous week and 42 percent from the prior four-week average. The primary destinations were Mexico (37,100 MT), Haiti (14,300 MT), Japan (13,400 MT), Honduras (9,100 MT), and El Salvador (6,300 MT)
This summary is based on reports from exporters from the period May 9-15.
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CME Group/Closing Rough Rice Futures | CME Group (Preliminary): Closing Rough Rice Futures for May 22
July 2014
| $15.320
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+ $0.050
| September 2014
| $14.500
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+ $0.035
| November 2014
| $14.590
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+ $0.025
| January 2015
| $14.735
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+ $0.005
| March 2015
| $14.840
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+ $0.060
| May 2015
| $14.840
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+ $0.060
| July 2015
| $14.840
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+ $0.060
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Health and Nutrition
Fast & Furious Weeknight Cooking: Spinach and Pea Fried Rice Mercury News
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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
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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. |
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