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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Friday, January 30, 2015

Latest Iraq Rice Tender All Goes to Thailand         

 
Thai rice on the cheap 
ARLINGTON, VA -- The USA Rice Federation has learned that despite mounting pressure from the United States, the latest Iraqi rice tender, 80,000 metric tons, has been completely awarded to Thailand.

 

The announcement comes just days after a bipartisan group of lawmakers sent a letter to Secretary of State John Kerry asking him to help ensure U.S. rice farmers would be given a fair shot at competing for Iraqi tenders, (see "USA Rice Promotes Cochran Bipartisan Letter on Iraqi Rice Purchases," USA Rice Daily, Friday, January 23, 2015).

 

"We're disappointed to see the U.S. lose out on this tender, but at the end of the day, they bought the least expensive rice on the market," said Jamie Warshaw, CEO of Louisiana's Farmers Rice Milling Company and a USA Rice Federation Board Member.  "I hope the next time they are back out on the market they will give U.S.-origin rice good consideration."

 

Iraq remains a major importer of rice, purchasing approximately 1.4 million metric tons annually.

 

Contact:  Michael Klein (703) 236-1458

USA Rice Promotes New Retail Brand in Japan           

 
Coming to a store near you 
TOKYO, JAPAN -- Last fall, the Nishimoto Trading Company introduced its own brand of U.S. medium grain rice to the Japanese market.  Called "Sunshine," the brand is available both online and at Nishimoto stores and also at the Kaldi Coffee Farm grocery store chain.

 

In February and March, the USA Rice Federation has plans to conduct two promotions at more than 150 Kaldi Coffee Farm stores throughout the country.  During the first promotion, customers who purchase more than $10 of Sunshine rice will receive an additional free sample along with a gumbo rice recipe card.  The second promotion is a "Cal-Bowl" rice recipe book featuring U.S. medium grain rice that will be given to every customer who purchases a bag of Sunshine rice.

 

"Right now, there have not been many brands of U.S. rice available in the retail market in Japan," said Jim Guinn, USA Rice vice president of international promotion. "We have worked extensively with the Japanese foodservice industry since 2008 to offer U.S. rice on restaurant menus as a way for Japanese consumers to sample U.S. rice.  And now we're excited to support retail brands as they introduce the Japanese consumer to identified, unblended U.S. rice for home use."

 

Chris Crutchfield, a rice miller from Williams, California and chairman of the USA Rice Millers' Association added, "Thanks to promotions with partner companies like Nishimoto and Kaldi, the Japanese consumers are much more accepting of U.S. rice than they were a decade ago.  USA Rice has laid the groundwork for the ready acceptance of U.S. rice by the Japanese people, and we're prepared to benefit from increased market access in Japan from a successful Trans Pacific Partnership agreement."

 

Contact:  Bill Farmer (832) 302-6710

CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for January 30

Month
Price
Net Change
March 2015$10.570
- $0.290
May 2015$10.840
- $0.290
July 2015$11.070
- $0.285
September 2015$10.795
- $0.260
November 2015$10.965
- $0.190
January 2016$11.055
- $0.190
March 2016
$11.055
- $0.190

In the News 

Around Washington

Payments to Farmers May Exceed Farm Bill's Expectations Politico

Until farmers have enrolled and the landscape is better defined, all those estimates are more a red flag than a final word. But the numbers are important in that they show the political risk undertaken by the new farm bill at a time of wholesale change in market prices.

 

Senators Propose Ending Cuba Travel Restrictions Agri-Pulse

Four Republicans and four Democrats introduced a bill Thursday to lift travel rules enacted in 1996 and 2000 and eliminate travel-related restrictions on banking transactions.

 

 

Trade and Tariffs

Japan to Cut Beef, Port Tariffs, Expand Rice Access in TPP Talks Business Times

Japan is prepared to cut its high import tariffs on beef and pork and slightly ease tight restrictions on rice imports for US producers, in a rush to seal an ambitious Pacific trade deal.

 

 

Science and Technology

A New Biotech Hub Aims to Nurture More Rice Researchers SciDev.net

A new research facility is being put up by the International Rice Research Institute to attract more young researchers in Asia and other countries to study how rice can grow sustainably in the face of climate change.

 

NASA Moves Vandenberg Satellite Launch to Saturday Los Angeles Times

NASA has again postponed the launch of a satellite on a mission to gather water data that will help forecast weather, track drought and monitor climate change. The launch is now scheduled for a window beginning 6:20 a.m. Saturday.

USA Rice Daily Index of Articles, January 26-30
Jimmy Hoppe Selected for 2015 LA Agriculture Hall of Distinction
Deadline Approaches for Farm Bill Sign Ups

Wednesday, January 28
Missouri's Smith Questions USTR Froman on Rice Trade
Ag Interests Frustrated by West Coast Port Slowdowns

Tuesday, January 27
USA Rice Inspires Young Minds to 'Think Rice'

Monday, January 26
California Rice Commission, Rice Farmers Hold Annual Grower Meetings
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