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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Thursday, January 15, 2015

Changes to Cuba Policy Effective Immediately  

WASHINGTON, DC -- The promise of more open trade, travel, and business between Cuba and the United States got that much closer today when the Obama Administration announced new regulations on export policy that take effect tomorrow. The regulatory amendments are part of a process of normalization of relations between the two countries.

 

"We are analyzing how these changes will apply to the U.S. rice industry," said USA Rice Federation President and CEO Betsy Ward.  "The current rapid pace is an encouraging sign although we realize we're still at the front end of the process."

 

Just last week, the USA Rice joined with more than 25 prominent U.S. food and agriculture associations and companies to announce the launch of the U.S. Agriculture Coalition for Cuba (USACC), a coalition that seeks to advance trade relations between the United States and Cuba.  The purpose of the USACC is to re-establish Cuba as a market for U.S. food and agriculture exports and address liberalizing trade between the United States and Cuba.

 

"Open trade with Cuba would be an enormous boon for U.S. rice farmers," said Ward. "There was a time when Cuba was the top destination for U.S.-grown rice -- we are ready to facilitate a return to those days."

 

Contact:  Deborah Willenborg (703) 236-1444

USA Rice and Big Y:  Live Well, Eat Smart  

 
Let U.S. rice help you
ARLINGTON, VA -- The USA Rice Federation is participating in the Living Well Eating Smart (LWES) program at Big Y, a supermarket chain of more than 60 stores in Massachusetts and Connecticut.  Beginning today through March 25, shoppers will be introduced to the many uses and nutritional benefits of U.S.-grown rice through a print and online newsletter, social media, and in-store signage and displays.

 

USA Rice's Cranberry Pecan Rice Pilaf is the featured recipe on the cover of the LWES magazine, a publication (print and online) that generates more than 150,000 impressions a month.  The full recipe, rice nutrition information, and the "Grown in the USA" logo are highlighted in a two-page spread.  Rice is also featured in other sections of the publication including the "Dietitian's Corner" letter and the "Here's to Your Heart" article both discussing the health benefits of whole grains, like brown and wild rice. 

 

"The National Rice Month toolkit we developed for retail dietitians was a huge success and this next step to customize partnerships will help us promote U.S. rice throughout the year," said Paul Galvani, chairman of the USA Rice Retail Subcommittee.  "Working one-on-one with retail dietitians is a great way to increase visibility of U.S.-grown rice in the supermarket communication channels and boost consumer awareness and usage of U.S. rice." 

 

Contact:  Katie Maher (703) 236-1453

Weekly Rice Sales, Exports Reported        

WASHINGTON, DC -- Net rice sales of 76,900 MT for 2014/2015 were up noticeably from the previous week and 68 percent from the prior four-week average, according to today's Export Sales Highlights report.  Increases were reported for Mexico (53,600 MT), Taiwan (9,000 MT), Haiti (7,400 MT), Iraq (3,000 MT), and Jordan (2,100 MT).  Decreases were reported for Japan (3,500 MT) and Colombia (1,300 MT). 

Exports of 44,900 MT were down 11 percent from the previous week and 27 percent from the prior four-week average. The primary destinations were Iraq (31,500 MT), Mexico (3,900 MT), Canada (2,600 MT), Honduras (1,600 MT), and South Korea (1,200 MT).

This summary is based on reports from exporters from the period January 2-8.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for January 15


Month
Price
Net Change
March 2015$11.330
+ $0.180
May 2015$11.580
+ $0.175
July 2015$11.815
+ $0.180
September 2015$11.420
+ $0.210
November 2015$11.560
+ $0.270
January 2016$11.860
+ $0.270
March 2016$11.860
+ $0.270

In the News 

Around Washington

New Widespread Federal Program to Focus Conservation Efforts on Local Level 

Southeast Farm Press

This is just the first round of projects relating to RCPP. More will be created in the coming years; the 2014 Farm Bill provides $1.2 billion for the program over the five-year life of the bill.

 

 

Around the Country

California Conservation Projects in New USDA RCPP Imperial Valley News

Through the RCPP, partners propose conservation projects to improve soil health, water quality and water use efficiency, wildlife habitat, and other related natural resources on private lands. Four of the selected projects are connected to California.

 

Louisiana Receives Conservation Funding The Advocate

Two of the four projects Louisiana received are only for Louisiana and will bring in $1.5 million in additional money to conservation efforts in the state. In addition, Louisiana was part of two other approved multistate projects involving long-leaf pine restoration and rice farm conservation.

 

Wintering Geese Flock Back to Texas After Downward Trend Houston Chronicle

The surge in snow geese numbers in the coastal zone east of Houston comes in the wake of a boom in the amount of rice acreage in the area. This past year, an estimated 30,000 additional acres in the region were put into rice production as operations that once grew rice along the water-starved middle coast shifted their businesses to the upper coast, where irrigation water remains obtainable.

 

 

Tariffs and Trade

Businesses Push White House for More Cuba Access Wall Street Journal

In coming days, the Treasury Department and Commerce Department are expected to publish regulations that flesh out Mr. Obama's December announcement on removing some of the decades-old embargo.

 

U.S. Senator Says Pacific Trade Deal on Two-Month Trajectory Reuters

Assistant Secretary of State for East Asian and Pacific Affairs Daniel Russel told business representatives and diplomats at the Japan Society in New York that TPP was "almost there."

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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 © 2015. Please direct comments or questions to the editor or contact name listed for each story.