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Up-to-the-Minute News on Issues and Activities
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.
USA Rice Federation will be closed Thursday and Friday, November 27 and 28,
in observance of the Thanksgiving holiday.
USA Rice Daily will resume publication Monday, December 1, 2014. 
Wednesday, November 26, 2014

USA Rice Weighs in on Trade Barriers  

What's going on over there? 
What's going on over there? 
ARLINGTON, VA -- Last month, USA Rice made a submission to the United States Trade Representatives (USTR) for the 2015 National Trade Estimates (NTE) Report on Foreign Trade Barriers.  Each year, interested parties submit comments to USTR on any issues they have had exporting goods and services so that they may be further examined.

 

In the past few years, USTR's NTE Reports have focused on sanitary and phytosanitary (SPS) issues, as well as standards-related measures.

 

For the 2015 report, USA Rice focused its comments on import policies in the EU, Japan, and Taiwan, as well as domestic support programs in Thailand and Vietnam.

 

"Vietnam and Thailand are net exporters of rice, but the other areas we commented on are importers," said Betsy Ward, president and CEO of USA Rice.  "We're estimating the trade barriers in these regions could be costing the U.S. rice industry as much as $150 million annually, so we'd very much like to see our concerns addressed."

 

Contact:  Kristen Dayton (703) 236-1464 

Agricultural Prices Received for the Month of November  
October 2014
Preliminary November 2014
Long Grain Rice
12.90
13.50
Long Grain Marketing
13,468
N/A
Medium and Short Grain California Price
21.30
20.80
Medium and Short Grain Mid-South Price
15.30
14.80
Medium and Short Grain Marketing
2,870
N/A

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 $0.14 per cwt for long grain and $0.15 per cwt for medium/short grain.

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long-Grain
17.12
10.86
0.00
Medium-/Short-Grain
16.56
11.15
0.00
Brokens
10.33
----
----

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 December 3rd. 
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for November 26


Month
Price
Net Change
January 2015$12.280
- .090 
March 2015$12.545
- .100 
May 2015$12.785
- .100 
July 2015$12.985
- .105 
September 2015$12.235
- .010
November 2015$12.135
- .010 
January 2016
$12.135
- .010


In the News 

Around the Country

Texas Crop Farms.com

Despite 2014 being a much wetter year than the four previous years, a lot of surface water supplies that agriculture depends upon remain low. The Colorado River Authority is seeking permission to deny water for rice production for a fourth year in a row on the Gulf Coast.

 

Around the World

Ebola Overview H5N1

Since the outbreak began in March, purchasing power has dropped 20% in Sierra Leone and more than 25% in Liberia. Guinea was able to stabilize a surge in rice prices through imports.

 

Global Importance of Urban Agriculture 'Underestimated' BBC News

Researchers, using satellite data, found that agricultural activities within 20km of urban areas occupy an area equivalent to the 28-nation EU.

 

Vietnam and IRRI Jointly Craft Strategy to Boost Country's Rice Industry IRRI

Vietnam's Ministry of Agriculture and Rural Development (MARD) put its full weight behind a national strategy designed to make rice production an even larger engine of inclusive economic growth.

 

'World's Best Rice' Title Could Boost Cambodian Rice Exports Voice of America

For the third year in a row, Cambodia's premier rice has been voted the world's best at the World Rice Conference.

 

 

Thanksgiving

Holiday Rice My Recipes

1 1/4 cups uncooked long-grain rice

1/4 cup butter or margarine, melted

1 cup chopped celery

4 green onions, sliced

1 (14 1/2-ounce) can beef broth

1 (4-ounce) can sliced mushrooms, undrained

1 bay leaf

1 tablespoon chopped fresh parsley

1 teaspoon Beau Monde seasoning

1/4 to 1/2 teaspoon dried tarragon

 

Stir together first 4 ingredients in a 13- x 9-inch baking dish. Stir in broth and remaining ingredients.  Bake, covered, at 350� for 50 minutes, stirring occasionally

 

Thank You, America's Farmers (Commentary) Delta Farm Press

As we approach this Thanksgiving season, it's important for all to know that American agriculture continues to provide food and nourishment for every family in the USA and exports more than 30 percent of what is produced in excess of our needs.
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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.