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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.
Monday, January 26, 2015

California Rice Commission, Rice Farmers Hold Annual Grower Meetings           

 
West coast info session 

YUBA CITY & WILLIAMS, CA -- More than 200 growers attended the California Rice Commission's (CRC) annual grower meetings last week.  USA Rice Federation Vice President of Government Affairs Ben Mosely attended the meetings and met with growers and industry representatives from around the region to discuss California specific initiatives and issues. 

 

George Soares, with the law firm Kahn, Soares and Conway, gave a presentation on the state's political outlook, including a discussion of the ongoing water availability issues, the California water bond, and the statewide political climate.  Randy Russell, long time consultant for CRC, discussed farm policy and the political atmosphere in Washington as it relates to agriculture.  Russell highlighted issues for rice farmers to be aware of in the new Congress, including budget and debt ceiling issues, trade, and tax reform.  Finally, Jeff Yasui, with the U.S. Department of Agriculture Risk Management Agency in Davis, California, talked about new and existing crop insurance policies.

 

"With the political landscape shifting beneath our feet, these face-to-face meetings are invaluable," said Mosely.  "Excellent information was provided and I think everyone came away more prepared to tackle challenges ahead."

 

Contact:  Evan Spencer (703) 236-1476

CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for January 26


Month
Price
Net Change
March 2015$10.885
- $0.125
May 2015$11.145
- $0.125
July 2015$11.390
- $0.120
September 2015$11.070
- $0.120
November 2015$11.170
- $0.120
January 2016$11.260
- $0.120
March 2016$11.260
- $0.120

In the News

Around the Country

Food Inflation Less than Average in 2014, USDA Says Agri-Pulse

Food prices rose by 2.4 percent last year, less than the historical average, despite sharp increases in meat costs and the drought in California, the Agriculture Department says.

 

Hope Fades for the End of California's Drought Daily Herd Management

Currently 78 percent of the state is in extreme or worse drought, unchanged from last week's report.

 

 

Around the World

Japanese Rice: The New, Safe Luxury Food in China Reuters

First it was European infant formula, then New Zealand milk. Now Chinese consumers are adding Japanese rice to the list of everyday foods they will bring in from abroad at luxury-good prices because they fear the local alternatives aren't safe.

 

Thai Junta Unloading Mountain of Rice Amid World Surplus Businessweek

Exports from Thailand will surge 9.7 percent to a record 11.3 million tons this year, USDA data show. Since government buying began, Thai 5 percent broken rice, an Asia benchmark, tumbled 35 percent from a three-year high of $647 a ton in 2011 to $420 on Jan. 21. On the Chicago Board of Trade, futures reached $10.82 per 100 pounds on Jan. 26, the lowest since 2010.

 

 

Trade and Tariffs

U.S. Helps Move WTO Trade Facilitation Pact Forward Agri-Pulse

The U.S. has formally accepted the World Trade Organization's so-called Trade Facilitation Agreement (TFA), an accord designed to cut red tape among trading partners and which is projected to generate hundreds of billions of dollars in economic activity.

 

 

Health and Nutrition

How to Make Rice a Nutritious (and Tasty) Part of Your Diet Washington Post

Reasons to make rice an integral part of your diet including nutritional profile, explanation of different types of rice and their cooking methods, and additional tips to enhance this economical staple.

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