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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Friday, March 13, 2015

USA Rice Looks for Market Opportunities in the Philippines          

 
The Honorable Philip Goldberg 
MANILA, PHILIPPINES -- This week, USA Rice is participating in a USDA-sponsored Agribusiness Trade Mission to Malaysia and the Philippines led by Under Secretary for Farm and Foreign Agricultural Services Michael Scuse.  Today, USA Rice Vice President for International Promotion Jim Guinn received a detailed briefing on the economic, agricultural, and political situation in the region from U.S. Ambassador Philip Goldberg and his embassy staff.  

 

Following the briefing, Guinn met with Ludovico Jarina, Deputy Administrator of the National Food Authority (NFA), the agency responsible for all governmental purchases of rice.  As expected, Jarina emphasized the sensitive nature of rice in the country.

NFA, once under the authority of the Agricultural Ministry, is now under control of the Presidential Advisor on Agricultural Modernization and Food Security.  Discussions centered on the current market situation, the controlled access system of a tariff rate quota with attendant country specific quotas (the U.S. does not hold a CSP), and what may take place when the TRQ is scheduled to expire in 2017.  Total rice imports into the Philippines, including smuggled rice, will equal approximately 1.5 million metric tons this year.  

 

NFA's Jarina said there is a strong market preference for long grain, but opportunities for U.S. rice here are rather limited due to much lower priced long grain rice available from nearby Thailand and Vietnam.  However, sushi is growing in popularity here, and Guinn thinks this may present niche market opportunities for U.S. medium grain rice, which could be imported under the omnibus (global) quota.

 

Contact:  Deborah Willenborg (703) 236-1444

Japan Announces Results of 14th Ordinary Import Tender in FY 2014           

 

Country of Origin

Variety

Number of Importer

Quantity (MT)

Participated Bidders

Amount of Bids (MT)

 

 

 

 

 

 

USA

Non-glutinous milled rice (medium grain)

1

13,000

11

143,000

Thailand

Non-glutinous milled rice

(long grain)

8

15,368

57

366,576

 

 

 

 

 

 

Grand Total

 

9

64,368

68

509,576

 

 

 

 

 

 

Avg Price for Successful Bids

 

JPY 66,664/mt

 

JPY 71,997/mt

(tax excluded)

 

(tax included)

 

 

 

CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for March 13

Month
Price
Net Change
March 2015$10.435
- $0.035
May 2015$10.580
- $0.100
July 2015$10.830
- $0.095
September 2015$10.945
- $0.095
November 2015$11.105
- $0.095
January 2016$11.250
- $0.095
March 2016
$11.250
- $0.095

In the News 

Around the Country

As Drought Worsens, L.A. Water Agency Offers Cash to Sacramento Valley Farmers Sacramento Bee

With the drought stretching into its fourth year, a heavyweight water agency from Los Angeles has come calling on Sacramento Valley rice farmers, offering up to $71 million for some of their water. The price being offered is so high, some farmers can make more from selling water than from growing their rice.

 

Delayed Deadline on Program Signup Not Expected Southwest Farm Press

Farmers who come into FSA offices before the March 31 deadline and sign the register to set up an appointment - even if the appointment is in April - will be considered as filed, according to FSA.

 

Head of USDA Risk Management Agency to Visit U or A Campus  

University of Arkansas News

Brandon Willis, administrator of the U.S. Department of Agriculture Risk Management Agency, will speak at 10:15 a.m. Friday, March 20, at the Agricultural, Food and Life Sciences Building at the University of Arkansas.

 

Hoeven, Farm Groups See Conflict of Interest in Conservationists' Work for USDA  

E&E Daily

Sen. John Hoeven (R-ND), told Agriculture Secretary Tom Vilsack at a Senate Ag Committee hearing last month that Ducks Unlimited, among other wildlife groups, was causing concerns in his state's farm communities. USDA's Natural Resources Conservation Service contracts the nongovernmental group's biologists to help farmers make decisions around the 2014 farm bill's conservation programs -- voluntary initiatives growers can take to slow soil erosion, clean up waterways and rebuild habitat.

 

USA Rice Federation at the 2015 Mid-South Farm & Gin Show Agwired

Radio interview: When asked about current priorities for USA Rice Federation, Jemison said, "Our #1 priority is to make all of our industry aspects viable, and profitable. On our production side, it's important to maintain markets and improve marketing via trade."

 

 

Science and Technology

Anti-GMO, Biotech Factions Clash at Food Summit Wall Street Journal

One thing both factions agree on: The discord costs money. Tens of millions of dollars have been spent advocating for and against state ballot initiatives and legislation requiring labels for foods made with GMOs.

USA Rice Daily Index of Articles, March 9-12
USA Rice Identifies Market Challenges in Malaysia

Wednesday, March 11
California Agricultural Leadership Group Visits USA Rice
Japan Announces 14th Ordinary Import Tender in FY 2014

Tuesday, March 10
Brantley Reminds Farm Bill Extended Deadlines Approach
WASDE Report Released

Monday, March 9
In Memory:  Mike Danna
Louisiana Shorebird Extravaganza to Connect Working Ricelands with Precious Habitat
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