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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Thursday, March 19, 2015

Arkansas Governor Calls for End to U.S. Cuba Embargo         

LITTLE ROCK, AR -- Yesterday, Arkansas Governor Asa Hutchinson signed House Joint Resolution 1006, calling on the U.S. government to lift its trade embargo on Cuba and open the market to American rice and other commodities.

 

Senator Eddie Jo Williams (R-AR-29) and Representative David Hillman (D-AR-13) sponsored the bipartisan resolution that supports the message Arkansas Rice members had delivered to their Congressional delegation during last month's USA Rice Government Affairs Conference.

 

"We thank the General Assembly and Governor Hutchinson for supporting our effort to open the emerging Cuban marketplace to Arkansas agriculture," said USA Rice Chairman and Arkansas rice grower Dow Brantley.  "Rice is one of many commodities that could see significant gains for our farmers and Arkansas's economy if the federal government eases its decades-old trade embargo on Cuba."

 

Re-opening the Cuban market is a priority for USA Rice; most believe the first step is establishing normal, two-way commercial trade.

 

"Normal trade will get the Cuban economy moving to create capital that can be used to purchase the products they need -- rice foremost among them," said USA Rice's Marvin Lehrer, who recently returned from a trade trip to Cuba.

 

Contact:  Ben Noble (501) 375-1100

 

Standing from left to right: Rep. David Hillman, Sen. Eddie Joe Williams, Bill Reed, Eric Vaught, Jerry Hoskyn, and Ben Noble with Governor Asa Hutchinson at the signing of the Cuba Rice Trade Resolution.

Weekly Rice Sales, Exports Reported        

WASHINGTON, DC -- Net rice sales of 76,500 MT for 2014/2015 were down 7 percent from the previous week and 11 percent from the prior four-week average, according to today's Export Sales Highlights report.  Increases were reported for Japan (36,200 MT), South Korea (22,000 MT), Saudi Arabia (9,000 MT), unknown destinations (2,100 MT), and Colombia (2,000 MT). 

Exports of 41,800 MT were down 21 percent from the previous week and 15 percent from the prior four -week average.
  The primary destinations were Mexico (17,000 MT), Japan (13,100 MT), Saudi Arabia (3,600 MT), Canada (2,400 MT), and Jordan (2,300 MT).
 

This summary is based on reports from exporters from the period March 6-12.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for March 19

Month
Price
Net Change
May 2015$10.925
- $0.120
July 2015$11.165
- $0.125
September 2015$11.300
- $0.100
November 2016$11.460
- $0.100
January 2016$11.610
- $0.100
March 2016$11.610
- $0.100
May 2016$11.610
- $0.100

In the News 

Around Washington

House Groups Trumpet Trade at House Hearing Agri-Pulse

The hearing on the "Importance of Trade to U.S. Agriculture" was held as negotiators continue work on two major trade agreements: the T-TIP and the TPP, which is seen as much closer to completion. Some say that to accomplish either, Congress needs to pass Trade Promotion Authority, which would give the president the ability to submit a deal to Congress for an up-or-down, amendment-free vote

 

 

Around the Country

March 19 Rice Outlook and Farm Bill Q&A Webinar Delta Farm Press

Today, Nathan Childs, Agricultural Economist, USDA Economic Research Service, will be the primary presenter discussing the U.S. and Global Rice Outlook.

 

 

Around the World

Thai Court to Try Ex-Leader Yingluck Wall Street Journal

The case revolves around a contentious rice subsidy that Ms. Yingluck's government designed in 2011 to buy up grain from Thai farmers at up to double the market price and then hoard it in large warehouses in an attempt to drive up global prices.

 

 

Health and Nutrition

Make Rice Pudding Without a Recipe New York Times

Video that shows how to make three variations of rice pudding, all without a recipe.

 

White Rice, Brown Rice or Red Rice: Which One is the Healthiest? NDTV Food

Rice is not an enemy of the weight related goals that you are trying to achieve - inadequate knowledge about this food item is.

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