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Up-to-the-Minute News on Issues and Activities
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, October 2, 2014

Taiwan Restaurant Chain Importing U.S. Rice Directly      

51 stores and counting

KAOHSIUNG, TAIWAN -- TaiShihFu, one of the largest local restaurant chains here with 51 stores, began importing U.S. rice directly in early 2014 for use in their popular meal box.

 

"TaiShihFu's management reached out to our promotions team about importing U.S. rice directly," said Bill Farmer, the USA Rice Federation's director of Asia Programs.  "We encouraged them to test additional U.S. rice samples from the local market to evaluate quality and texture, and we were pleased they determined that use of U.S. rice could improve the quality of their meal products."

 

 
U.S. rice makes the meal 

Farmer said the promotions group helped TaiShihFu navigate the tendering process and the company began participating in SBS-USA tender bidding in 2013.  They were awarded 230 metric tons last year, and 300 metric tons so far this year.

 

TaiShihFu has announced plans for significant expansion throughout Taiwan, which should translate into growing use of U.S. rice accordingly.

 

Contact:  Jim Guinn (703) 236-1474

Application Deadline for Rice Leadership Program Nears  

STUTTGART, AR -- The deadline for submitting applications for the Rice Leadership Development program is this Saturday, October 4.  Rice producers and other industry-related professionals are encouraged to apply for the next class, which will be announced in December at the USA Rice Outlook Conference in Little Rock, AR. 

 

For more information on the program or an application form, visit http://www.usarice.com

 

Contact:  Chuck Wilson (870) 673-7541

Weekly Rice Sales, Exports Reported    

WASHINGTON, DC -- Net rice sales of 66,800 MT for 2014/2015 were up 44 percent from the previous week and 62 percent from the prior four-week average, according to today's Export Sales Highlights report.  Increases were reported for Haiti (23,800 MT), unknown destinations (14,600 MT), Japan (12,000 MT), the United Kingdom (3,300 MT), and Honduras (3,000 MT). 

Exports of 29,400 MT were down 57 percent from the previous week and 18 percent from the prior four-week average.  The primary destinations were to Haiti (14,300 MT), Mexico (4,300 MT), Jordan (2,700 MT), Canada (2,500 MT), and South Korea (2,000 MT).


This summary is based on reports from exporters from the period September 19-25.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for October 2.


Month
Price
Net Change
November 2014$12.555
- $0.085 
January 2015$12.715
- $0.085
March 2015$12.920
- $0.085
May 2015$13.125
- $0.085
July 2015$13.305
- $0.085
September 2015$12.735
- $0.085
November 2015$12.735
- $0.085


In the News 

Around the Country

Farm Bill Toolbox Gets Process Started Herald-Review

Most farmers are aware they have a choice of two programs. One was developed to accommodate southern cotton and rice farmers, the other was developed to accommodate Corn Belt farmers. Instead of trying to merge two complex programs, the committee approved both and gave farmers a choice of the two.

 

Harvesting Before the Rain KAIT-ABC

Video report details concern about Arkansas rice harvest as rain and winds in the forecast today and tomorrow.

 

 

Around the World

Thailand Halts Buying Crops as Junta Seeks Sales Bloomberg

Thailand's junta is changing tack on agricultural policy, saying it will eschew buying farm products directly from growers as state purchases spur overproduction, distort the market and create stockpiles that are hard to sell.

 

 

Science and Technology

When Can a Big Storm or Drought be Blamed on Climate Change? NPR

A new field of research, called "attribution science," is a set of principles that allow scientists to determine when it's a change in climate that's altering weather events ... and when it isn't.

 

 

Trade and Tariffs

Ag Interests Urge Science-Based Regs Agri-Pulse

Stakeholders here feel the U.S. system has a more transparent approach than the EU when it comes to publishing regulatory proposals and asking for public comments. 

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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.