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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.  
Wednesday, October 15, 2014
USA Rice Targets Mexican Gourmands at Expo     
 
Surefire ingredient: U.S. rice 

MEXICO CITY, MEXICO -- Gourmet food is on the rise in Mexico, and trend-watchers say the movement is growing.  To help capture this market, the USA Rice Federation participated in the 8th annual Gourmet Show Expo at the Mexico World Trade Center here last month to promote U.S.-grown rice as "just what the foodies ordered."

 

USA Rice chefs conducted daily cooking demonstrations and tastings, and distributed brochures and gourmet cookbooks to the 8,000 visitors attending the exposition, including professionals from the high-end, luxury hospitality, retail, and foodservice sectors.

 

"Our goal here was to demonstrate to key industry decision makers that U.S.-grown rice is the ideal ingredient to prepare aesthetically-pleasing, contemporary, and elaborate dishes to discerning customers, without breaking the bank," said Gaby Carbajal, USA Rice's contractor in Mexico.  "Expo attendees were impressed with the versatility rice provides in creating refined gourmet-quality dishes."

 

Contact:  Sarah Moran (703) 236-1457

   

Standing room only
Japan Announces Second SBS Tender in FY 2014     

Announcement:           15 October 2014

Tender:                         29 October 2014

Quantity:                      Total                  30,000 MT

                                     Whole-kernel (Brown or Milled)          27,000 MT

                                     Broken (Milled)                 3,000 MT

Shipping Period           15 February 2015

 

CCC Announces Prevailing World Market Prices 
WASHINGTON, DC -- The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan-gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2014 crop, which became effective today at 7:00 a.m., Eastern Time (ET).  Rough rice prices decreased $0.20 per cwt for long grain and $0.22 per cwt for medium/short grain.

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long-Grain
17.88
11.34
0.00
Medium-/Short-Grain
17.29
11.64
0.00
Brokens
10.79
----
----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:

 
U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long-Grain
55.83/12.59
6.50
Medium-/Short-Grain
62.39/7.92
6.50
 
The next program announcement is scheduled for October 22. 
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for October 15


Month
Price
Net Change
November 2014
$12.590
- $0.130
January 2015
$12.745
- $0.145
March 2015
$12.990
- $0.140
May 2015
$13.190
- $0.140
July 2015
$13.370
- $0.140
September 2015
$12.735
- $0.140
November 2015
$12.710
- $0.140


In the News  

Around the Country

26 Named to Arkansas Boards and Commissions Thecitywire.com

Roger Pohlner, Fisher, reappointed to the Arkansas Rice Research and Promotion Board. Appointment expires June 30, 2016.

 

White, Red, Black or Wild - Which Kind of Rice is Your Favorite? Wall Street Journal

Big demographic and culinary trends affecting the food industry have put rice in a sweet spot. Asians and Hispanics are the fastest-growing ethnic groups in the U.S., and both are sophisticated rice-eating cultures. Indian, Mexican, Thai and other cuisines, often rice-based, have become a part of mainstream eating, especially among younger Americans.

 

Whole Foods to Rate its Produce and Flowers for Environmental Impact New York Times

The upscale grocery chain will rate the produce of suppliers electing to participate in the program, Responsibly Grown, as "good," "better," or "best," depending on information about pesticide and water use, the treatment of farm workers and waste management, and other issues surrounding the food they produce.

 

Around the World

Rice Crop Seen Shrinking by FAO on Weather, End of Thai Subsidy Bloomberg

UN report states concerns that lower production in India, Pakistan and Thailand will be supportive of international quotations are attenuated by prospects of still above-average harvests in these countries, as well as abundant inventories.

 

Trade and Tariffs

Mexico Sees U.S.-Japan Deal Key to Pacific Trade Pact Progress Reuters

Mexico's economy minister said on Tuesday during a visit to Washington, U.S.-Japan bilateral talks underway in Japan were key to reaching agreement on other outstanding issues in the 12-nation Trans-Pacific Partnership (TPP) and any agreement would have a domino effect on the rest of the pact.

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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

2101 Wilson Boulevard, Suite 610
Arlington, VA 22201

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.