USA Rice Targets Mexican Gourmands at Expo
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Surefire ingredient: U.S. rice
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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
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Standing room only
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Japan Announces Second SBS Tender in FY 2014
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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
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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 $0.22 per cwt for medium/short grain.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long-Grain
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17.88
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11.34
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0.00
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Medium-/Short-Grain
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17.29
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11.64
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0.00
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Brokens
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10.79
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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:
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U.S. Milling Yields Whole/Broken (lbs/cwt)
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Loan Rate ($/cwt)
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Long-Grain
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55.83/12.59
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6.50
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Medium-/Short-Grain
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62.39/7.92
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6.50
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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
November 2014
| $12.590
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- $0.130
| January 2015
| $12.745
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- $0.145
| March 2015
| $12.990
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- $0.140
| May 2015
| $13.190
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- $0.140
| July 2015
| $13.370
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- $0.140
| September 2015
| $12.735
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- $0.140
| November 2015
| $12.710
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- $0.140
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In the News
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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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Upcoming Events | Events Calendar
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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. |
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