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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, November 4, 2014

USA Rice Filing Highlights Trade Barriers    

 
How much is too much? 

ARLINGTON, VA -- The USA Rice Federation has responded to the Office of the U.S. Trade Representative's (USTR) request for an analysis of trade barriers standing in the way of U.S. rice exports.  USTR will consider the USA Rice submission as they publish the 2015 National Trade Estimates Report (NTE) that highlights the substantial trade barriers facing U.S. exporters.   

 

This year's submission highlights the continuing difficulties faced by U.S. rice exporters in key markets in Asia because of protectionist foreign government policies, as well as continuing constraints faced on shipping to the European Union because of the EU's complex and discriminatory duty structure on rice imports. 

 

The USA Rice letter also summarizes the finding of research sponsored by USA Rice on the compliance of key competing rice exporting countries with the requirements of the World Trade Organization (WTO).   Thailand, for example, likely exceeded the limit on domestic support for rice that it agreed to in the WTO's Uruguay Round because of a very generous price support program.  When that support, called the paddy pledging scheme, resulted in a huge increase in government-owned stocks, Thailand very likely turned to using export subsidies to move the stocks onto the world market, contrary to the country's WTO commitment not to use export subsidies for rice.

 

"The NTE report is a valuable tool for USA Rice to present to the Administration and Congress in one place the policies and trade barriers of foreign governments that hold back U.S. rice sales," said USA Rice COO Bob Cummings.  "We look forward to the publication of the report early next year and to working with U.S. trade officials to remove these barriers."

 

Contact:  Kristen Dayton (703) 236-1464

CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for November 4th


Month
Price
Net Change
November 2014$12.165
+$0.110
January 2015$12.435
+ $0.105
March 2015$12.700
+$0.100 
May 2015$12.955
+ $0.090
July 2015$13.135
+$0.090
September 2015$12.500
+$0.090
November 2015$12.400
+$0.090

In the News

Around Washington

Republican Gains Could Aid Obama's Asia Trade Pact Washington Post

Obama needs special authority, known as fast track, to negotiate trade deals that Congress can accept or reject, but cannot change. It would smooth the way for the Trans-Pacific Partnership, which is under discussion with 11 nations, and help advance separate negotiations with the 28-member European Union.

 

 

Around the Country

Colorado, Oregon Voters Set to Decide GMO Labeling Rules Government Executive

Labeling GMOs on a state-by-state basis would be confusing and debilitating to states that pass such laws, putting farmers and food producers in those states at a major competitive disadvantage.

 

Dry Year Means Cutback in Winter Rice Flooding ChicoER

Normally 300,000 acres of rice are flooded in the Sacramento Valley after rice harvest; this year the estimate is 50,000 acres. This coincides with a banner year for migrating waterfowl that recently nested in Canada. When the birds make their customary loop into California, not as many wet landing spots will be available.


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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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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.