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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.
Tuesday, October 14, 2014

EU Traders to USA Rice:  Despite Healthy Crop, Market Re-Entry Faces Significant Hurdles    

 
Close inspection

HAMBURG, GERMANY -- A USA Rice Federation delegation began their week-long visit of Europe here yesterday, stopping at retail outlets and meeting with the trade to discuss the 2014 crop and opportunities for U.S. rice in Europe.

 

USA Rice members Carl Brothers, Chris Bonnesen, Keith Glover, and Marvin Baden joined staff members Bob Cummings, Hartwig Schmidt, and Eszter Somogyi in meetings with four major German rice mills and distributors.  The U.S. delegation shared rice supply expectations for 2015 and highlighted the industry´s successful efforts to rid the crop of any GMOs.

 

Although the U.S. government now states U.S. rice is free of GM, and supply is expected to make U.S. rice more price competitive in the coming year, the Germans explained recent changes to their market that make the re-entry of U.S. rice daunting.  Cited in particular is the ability of countries such as Cambodia to export rice to EU countries duty-free under the "Everything But Arms" program.

 

"The U.S. has a superior product and the industry has successfully addressed environmental and social concerns of this market, but it's clear we have more work to do before our German customers return to us," said Keith Glover, president and CEO of Producers Rice Mill and chairman of USA Rice's World Market Price committee.

 

The delegation is now heading to the United Kingdom for meetings there and to participate in the UK Rice Symposium later this week.

 

Contact:  Bob Cummings (703) 236-1473

Crop Progress:   2014 Crop 82 Percent Harvested  

WASHINGTON, DC --Eighty-two percent of the nation's 2014 rice acreage has been harvested, according to today's U.S. Department of Agriculture's Crop Progress Report.

Rice Harvested, Selected States 
Week Ending
State
October 12, 2013  
October 5, 2014  
October 12, 2014  
2009-2013 average
Percent
Arkansas
(NA)
 76
85 
82
California
(NA)
 28
59 
44
Louisiana
(NA)
99
100 
99
Mississippi 
(NA)
 82
87
83
Missouri
(NA)
61 
69
77
Texas
(NA)
100 
100
100
Six States
(NA)
70
82
78
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for October 14


Month
Price
Net Change
November 2014$12.720
+ $0.090
January 2015$12.890
+ $0.105
March 2015$13.130
+ $0.095
May 2015$13.330
+ $0.100
July 2015$13.510
+ $0.100
September 2015$12.875
+ $0.075
November 2015$12.850
+ $0.075

In the News

Around the Country

White House, SNA Mark School Lunch Week Agri-Pulse

During the week ahead, school cafeteria professionals nationwide are being urged to launch creative marketing campaigns and host cafeteria events designed to encourage students to eat healthy school meals.

 

 

Around the World

Africa to Become Top Rice Producer Ventures Africa

Between 2014 and 2031, Africa will expand its rice production area by almost 50 percent. Africa's rapid expansion of areas for rice production will be the fastest globally, in percentage terms.

 

One-Third of Food is Lost or Wasted: What Can Be Done National Geographic

According to the United Nations, industrialized nations waste 1.5 trillion pounds of food a year, an amount almost equal to the entire net food production of sub-Saharan Africa.

 

Wrap Up With Rice Student Cook-Off Raises Money and Awareness for Youth Hunger Inside Toronto

The cook-off tasked competitors with creating a unique rice dish at an event designed to help raise funds and awareness toward eradicating child hunger.

 

 

Just for Fun

Halloween Treats for Adults Lansing State Journal

Adding bourbon makes these Rice Krispy Treats for Adults Only.

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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

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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.