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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 28, 2014

USA Rice Cooks Up Promotions in Colombia   

Chef Gómez in action
BOGOTA, COLOMBIA -- The USA Rice Federation has begun promotional activities in Colombia focused on the burgeoning hotel and restaurant sectors here and in Medellín, Cali, and Cartagena. 

 
Chef Bernardo Gómez, a renowned chef who teaches at various institutions throughout Colombia and the region, and who was the recipient of the Gourmand Award in 2010 for the "Best Cookbook of Colombia," conducted workshops on various types of U.S.-grown rice and shared innovative recipes created by pairing U.S. rice with other Colombian delicacies.  More than 100 individuals from hotels, restaurants, supermarkets, culinary schools, and companies attended the workshops.

 

"The new promotional efforts in Colombia are designed to boost market share in the important foodservice sector," said Brian King, a rice merchant in Marked Tree, Arkansas, and chairman of USA Rice's Western Hemisphere Promotion Subcommittee. "Under the TRQ agreement we increase our access to Colombia each year, and these workshops help us bolster demand for our product."

 

Colombia is one of the United States' top ten rice export markets, bringing in nearly 80,000 MT of rice valued at over $60 million in the first seven months of 2014.

 

Contact:  Sarah Moran (703) 236-1457

CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for October 28


Month
Price
Net Change
November 2014$12.055
- $0.180
January 2015$12.305
- $0.170
March 2015$12.575
- $0.165
May 2015$12.815
- $0.160
July 2015$12.995
- $0.160
September 2015$12.360
- $0.160
November 2015$12.335
- $0.160

In the News

Around the Country

Farm Bill Revision Shakes up America The Collegian

Although the bill could provide "long-term certainty" to producers, a rift has surfaced between the agriculture community concerning whether the farm bill should collaborate with subsidy programs such as food stamps.

 

In the trials, CLX 4122 was within 200 pounds of CL 151 and about 300 pounds per acre better than CL 111, two of the leading varieties in the current Clearfield lineup.

 

USDA Seeks to Add New Products to BioPreferred Program AgriPulse

USDA is proposing to widen its BioPreferred program to include new forest products, as it continues to implement provisions of the 2014 Farm bill.

 

U.S. Rough Rice Recap-Silent Market ahead of Nasty Weather Oryza

The USDA estimates that as of October 26, 96% of the U.S. rice crop has been harvested, which was 5% greater than the previous 5 year average.

 

Yellow Rails and Rice Festival Set for Oct. 29-Nov. 2 KPLC-CBS TV

The 6th Annual Yellow Rails and Rice Festival begins Wednesday and lasts through Sunday in Southwest Louisiana

 

 

Around the World

Agri Research Conference Explores News Technologies for Local Challenges  

Guyana Chronicle

The inaugural agriculture research conference was held last Monday at the Guyana International Conference Centre (GICC) under the theme: 'Consolidating Food and Nutrition Security in the Region - Increasing Economic Opportunities and Entrepreneurship for Rice and other agriculture.'

 

 

Trade and Tariffs

Rice Plunges to Lowest in Four Years on Outlook for Ample Supply Bloomberg

Prices for rice, a staple for half the world, fell to the lowest since 2010 in Chicago as the outlook for a jump in U.S. production and increased exports from overseas producers signal ample supplies.

 

Trans-Pacific Partnership Trade Deal Looks as Far Off as Ever Wall Street Journal

U.S. farmers and pharmaceutical firms eyeing gains from a Trans-Pacific Partnership shouldn't hold their breath.

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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.