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USA Rice Members See Tremendous Value in Attending Gulfood Show
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DUBAI, UAE -- For the past twenty years, USA Rice Federation has exhibited at Gulfood, which is undoubtedly one of the most important food shows of the year (See USA Rice Daily 2/10/15). Providing a strategic platform for buyers and sellers to conduct business face-to-face, USA Rice members see a range of benefits in participating in the Gulfood show. Here's what they have to say:|
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"Gulfood is the trade meeting hub of the Middle East and essential for our promotion of the U.S. rice industry. The region's main rice importers attend the show each year, so it's a good time for us to meet with all of the important players in one location. "
-- Steve Vargas, Sun Valley Rice
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"We are all here for the same reason, to advocate the growth of U.S. rice in the export market. With the support and efforts of USA Rice, we're able to educate global customers on the benefits and quality of the rice our hard working American farmers grow."
-- Derek Alarcon, Farmers' Rice Cooperative
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"Participating in the Gulfood show gives us the ability to have one-on-one conversations with importers about the safety and high quality of U.S.-grown rice and also tell our farmers' story. I also appreciate time spent in the booth discussing the U.S. market with fellow USA Rice members. Those conversations help me give farmer members back home really useful information."
-- Mark Holt, Riceland Foods
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"It's imperative that U.S. rice is represented at the largest and most popular food show in the world. The USA Rice booth gives us a place to meet customers as well as gather credible trade leads."
-- Todd Burich, ADM Rice
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Members agree that USA Rice's presence at Gulfood is vital in establishing diverse regional trade relationships, enhancing the strategic position of U.S. rice within the Middle East region, and improving importer allegiance to U.S. rice.  | |
Chris Crutchfield (r) works
the 2015 Gulfood Show
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At the close of the five-day event, Chris Crutchfield, with American Commodity Rice and chairman of the USA Rice Millers' Association, said, "The Middle East and North Africa are both extremely important markets for the U.S. rice industry so attending Gulfood gives us all an excellent opportunity to visit with current customers as well as meet potential clients." Contact: Katie Maher (703) 236-1453
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Two Farm Bill Webinars Scheduled Tomorrow
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 For up-to-date information on the 2014 Farm Bill, tune into a continuing series of informational webinars, co-sponsored by the University of Arkansas and the Farm Service Agency. The next online presentation is tomorrow, February 13, at 9 a.m. and registration is free.
Tomorrow's webinar includes Nathan Childs, agricultural economist, Economic Research Service, USDA, discussing the rice outlook. Following that presentation, James Richardson, regents professor and AgriLife Research senior faculty fellow, co-director Agricultural and Food Policy Center Department of Agricultural Economics, Texas A&M University, will discuss the Agricultural and Food Policy Center outlook for Representative Crop Farms.
Series hosts are Bobby Coats, professor with the University of Arkansas Division of Agriculture; Tony Franco, chief, Farm Programs Division, Arkansas State FSA office; and Anita Wilson, agricultural program specialist, Farm Programs Division, Arkansas State FSA office.
The complete listing of UofA/FSA webinars can found at www.uaex.edu/farmbill.
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Weekly Rice Sales, Exports Reported
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WASHINGTON, DC -- Net rice sales of 125,600 MT for 2014/2015 were up noticeably from the previous week and up 88 percent from the prior four-week average, according to today's Export Sales Highlights report. Increases were reported for Japan (68,400 MT), South Korea (24,200 MT), Mexico (10,100 MT), unknown destinations (8,500 MT), and Colombia (5,000 MT). Net sales of 100 MT for 2015/2016 were for Japan. Exports of 26,800 MT were down 56 percent from the previous week and 67 percent from the prior four-week average. The primary destinations were Honduras (10,800 MT), Mexico (6,400 MT), South Korea (3,600 MT), Saudi Arabia (2,100 MT), and Canada (2,000 MT). This summary is based on reports from exporters from the period January 30-February 5. |
| CME Group/Closing Rough Rice Futures | CME Group (Prelim): Closing Rough Rice Futures for February 12
| March 2015 | $10.330 |
- $0.050
| | May 2015 | $10.570 |
- $0.045
| | July 2015 | $10.820 |
- $0.045
| | September 2015 | $10.865 |
- $0.030
| | November 2015 | $11.100 |
- $0.015
| | January 2016 | $11.190 |
- $0.015
| | March 2016 | $11.190 |
- $0.015
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In the News
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Around Washington
Crop Insurance Focus of House Ag Committee Hearing Hoosier Ag Today
National Crop Insurance Services Adviser Keith Collins says the Congressional Budget Office has calculated more farmers than expected will sign up for the Price Loss Coverage option than for the Agricultural Risk Coverage. Based on these decisions - and lower crop prices - CBO concludes those programs will cost 9.5-billion dollars more over 10-years than projected when the farm bill was written.
Around the Country
Arkansas Farm Bill Workshop, Webinar Series Allows Farmers to 'Cram' Before Deadlines
Delta Farm Press
Experts from the Arkansas Cooperative Extension Service and Farm Service Agency are expanding their series of webinars and in-person workshops that began last year and are slated to continue through March. There is no cost to attend either the in-person workshops or the webinars.
Trade and Tariffs
White House to File Trade Case Against China at WTO Over Export Subsidies
New York Times
If the administration wins its cases, China would be required to halt the subsidies or provide some compensation. W.T.O. rules ban virtually all export subsidies so as to discourage member nations from trying to buy market share for their companies in other countries.
Work at West Coast Ports to Scale Back for 4 Days Los Angeles Times
Congestion at the ports has delayed shipments from Asia and has hurt businesses that rely on parts and supplies from China and elsewhere. Some businesses are rerouting goods by air or through ports on the East Coast, but those work-arounds have been expensive.
Health and Nutrition
Is Rice Safe to Eat? Chico News & Review
The amount of arsenic in the soil varies from region to region. Even if consistent regulations were in place, monitoring production and enforcing those regulations would be difficult, if not impossible.
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| Upcoming Events | Events Calendar
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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 © 2015. Please direct comments or questions to the editor or contact name listed for each story. |
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