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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 22, 2014

TPP Trade Ministers Meet in Singapore; Still Seeking Agreement    

 
Is that progress I see?

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

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.
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for May 22


Month
Price
Net Change
July 2014
$15.320
+ $0.050
September 2014
$14.500
+ $0.035
November 2014
$14.590
 + $0.025
January 2015
$14.735
+ $0.005
March 2015
$14.840
+ $0.060
May 2015
$14.840
+ $0.060
July 2015
$14.840
+ $0.060


In the News 

Around Washington

EPA Announces Hypoxic Zone Partnership with 12 Universities Agra-Pulse

The partnership includes five federal agencies from 12 basin states, and will focus on nutrient pollution and the hypoxic zone, or "dead zone" in the Gulf of Mexico

 

 

Around the Country

Arkansas Rice Expo Recipe Contest Now Accepting Entries Stuttgart Daily Leader

The deadline for entries to be received is June 10 and winners of the preliminary round will be notified by July 1

 

Deputy Secretary of Agriculture to Keynote Delta Council Insurancenewsnet.com

Delta Council meeting to be held at the Bologna Performing Arts Center on the Delta State University campus May 30 at 10:30 a.m.

 

Rice Farmers Face Upstream Battle Victoria Advocate

Population growth and six years of drought have pitted the needs of upriver municipalities with downriver agriculture (video included)

 

 

Science and Technology

Climate-Smart Rice Now Grown by 10 Million Farmers Seed Quest

The Bill & Melinda Gates Foundation will fund the third phase of the IRRI-led Stress-Tolerant Rice for Africa and South Asia (STRASA) project with $32.77 million for five more years

 

The First GMO Field Tests Modern Farmer

With the right applications and the right risk assessments, technology isn't the antithesis of sustainability - it can help build an ecologically based agriculture, too, says Pamela Ronald, a plant geneticist at UC Davis whose research focuses on genetically engineering rice for disease resistance and flood tolerance

 

 

Health and Nutrition

Fast & Furious Weeknight Cooking: Spinach and Pea Fried Rice Mercury News

Plan meals ahead of time and cook up large batches of brown rice ready to turn into spicy rice bowls  

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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.