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USA Rice Shines Spotlight on Key Competitors' Excessive Subsidies
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In the spotlight
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GENEVA, SWITZERLAND -- According to a new study, several key advanced developing countries have ramped up subsidies to their producers of rice, corn, and wheat, dramatically changing the global trading environment as a result. Subsidies in Brazil, China, India, Thailand, and Turkey exceed each country's commitment to the World Trade Organization (WTO) and must be addressed as part of a renewed push to complete the Doha Round of trade negotiations. A delegation from the USA Rice Federation and U.S. Wheat Associates delivered this message here yesterday to more than 50 representatives from WTO member countries.
"Our joint study showed that these five advanced developing countries have steadily increased subsidies to their producers to the point of being out of compliance with their WTO obligations," said USA Rice COO Bob Cummings who led off yesterday's seminar. "While we support the WTO and global trade agreements because they work for our members, WTO negotiators must address the trade distortions in today's trading environment if the long-running Doha Round of negotiations is to conclude successfully. Several of these countries are also very likely using export subsidies to dispose of surplus production which runs counter to the spirit and letter of WTO agreements."
The U.S. team met on Thursday with representatives from Canada and Australia's missions to the WTO and the Director of the WTO's Agriculture Division, following sessions yesterday with the Ambassador Michael Punke, head of the U.S. Mission, and members of his staff, and the head of New Zealand's WTO mission.
"We delivered the same message to everyone -- we support the WTO, but the environment has changed and negotiators must deal with the situation in advanced developing countries. It's hard to talk about a new trade agreement when countries are ignoring their existing obligations," said Cummings.
The text of the study, Agricultural Subsidies in Key Developing Countries: November 2014 Update, is here.
Contact: Kristen Dayton (703) 236-1464
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Japan Announces 13th Ordinary Import Tender in FY 2014
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Announcement: 19 February 2015
Tender: 24 February 2015
Offer details: 50,856 mt
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Country Specified
or Global
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Non-glutinous
milled rice
(medium grain)
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Non-glutinous
milled rice
(long grain)
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Glutinous
milled rice
(long grain)
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TOTAL
|
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|
|
|
|
|
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U.S.A.
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24,000
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|
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24,000
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Thailand
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|
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2,856
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2,856
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Global Tender
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12,000
|
12,000
|
|
24,000
|
| |
|
36,000
|
12,000
|
2,856
|
50,856
|
|
Shipping period: U.S.A.: From 1 September 2015 to 30 September 2015
From 10 September 2015 to 10 October 2015
G.T. Medium Grain: From 1 September 2015 to 30 September 2015
G.T. Long Grain: From 1 July 2015 to 10 August 2015
Glutinous milled rice (Thailand) is shipped by container.
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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 $0.21 per cwt for both long grain and medium/short grain.
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World Price
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MLG/LDP Rate
| | |
Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long-Grain
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15.93
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10.32
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0.00
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Medium-/Short-Grain
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15.53
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10.46
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0.00
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Brokens
|
9.61
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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:
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U.S. Milling Yields
Whole/Broken
(lbs/cwt)
|
Loan Rate
($/cwt)
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Long-Grain
|
57.21/12.55
|
6.64
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Medium-/Short-Grain
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61.89/8.83
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6.51
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The next program announcement is scheduled for February 18. |
| CME Group/Closing Rough Rice Futures | CME Group (Prelim): Closing Rough Rice Futures for February 19
| March 2015 | $10.800 |
- $0.070
| | May 2015 | $11.030 |
- $0.080
| | July 2015 | $11.275 |
- $0.080
| | September 2015 | $11.305 |
- $0.075
| | November 2015 | $11.460 |
- $0.075
| January 2016
| $11.550
|
- $0.075
| March 2016
| $11.550
|
- $0.075
|
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| In the News | Around Washington
USDA Deadline Looms for Conservation Grants Totaling $20 Million Agri-Pulse
Those interested in applying for up to $1 million in conservation or carbon credit project grant funding through USDA's Conservation Innovation Grant (CIG) program must submit their project pre-proposals by Feb. 24.
Around the Country
Farm Bill Update: Safety Net Sign-Up Deadlines Near Delta Farm Press
The final day to update yield history or reallocate base acres is Feb. 27. The final day for "all of the farms' current producers" to choose ARC or PLC coverage is March 31.
Farming the Arkansas Delta - Photos by Brittany Turner Delta Farm Press
Arkansan and professional photographer Brittney Turner has a new publication, Farming the Arkansas Delta, a 60-plus page coffee table book containing over 100 bright, vibrant photos of her region's rich fields.
Pressure Mounts on Shippers, Union to Settle West Coast Ports Dispute Reuters
Worsening cargo congestion that the union and shippers blame on each other has slowed freight traffic since October at the ports, which handle nearly half of all U.S. maritime trade and more than 70 percent of the country's imports from Asia.
Science and Technology
What to Know About FAA's Proposed New Drone Rules Southeast Farm Press
The current unmanned aircraft rules remain in place until the FAA implements a final new rule. The FAA proposals must still be submitted for public comments. It could be 18 months or longer before the first rules are adopted.
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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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