U.S. Rice Promotes New 'American Rice' Logo at Trade Show in Mexico
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USDA ATO Director Joe Lopez flanked by USA Rice chefs.
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GUADALAJARA, MEXICO -- Last month, the USA Rice Federation participated in the annual Expo ANTAD trade show, the preeminent trade summit for the retail industry in Mexico. Organized by the National Retailer Association in Mexico (ANTAD), the show is an internationally recognized platform where retailers, manufacturers, and distributors come together to strengthen and encourage trade relations.
This year, Expo ANTAD had 3,500 booths drawing more than 42,000 attendees representing leading decision makers from supermarket chains, wholesalers, distributors, and buyers. In addition to the thousands of retailers in attendance at the event, more than 20 retail chains affiliated with ANTAD had large booths at the expo which acted as purchasing offices during the show. These affiliated retail chains, which represented about 6,000 supermarkets nationwide, including Walmart, Commercial Mexicana, Chedraui, and Soriana, are where many of USA Rice's promotional activities are held in Mexico.
The USA Rice booth was prominently located near the high-traffic entrance within the USA pavilion, which was sponsored by the U.S. Department of Agriculture's Agricultural Trade Office (ATO). During the three-day event, USA Rice chefs conducted rice cooking classes several times each day. These cooking classes served as a sample of our in-store promotions and were of great interest to the retailers.
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Crowd pleasing cooking demo
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"The primary focus of our promotion efforts was to introduce the new American Rice logo to the retail industry and explain the benefits of purchasing U.S. grown rice," said Brian King, USA Rice's chairman of the Western Hemisphere Subcommittee. "There were several rice packers and wholesalers present at Expo ANTAD who expressed interest in purchasing U.S. rice and using the logo on their packaging."
With more than 110 million consumers, Mexico continues to expand its taste for U.S. food products. The supermarket industry in Mexico has been particularly active, upgrading their store formats and imported selections along with major acquisitions making already strong performers even larger. USA Rice has devoted many of our activities to this market segment, including more than 100 in-store demonstrations in 2014, along with the development of the American Rice logo.
Contact: Sarah Moran (703) 236-1457
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WASDE Report Released
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WASHINGTON, DC -- U.S. all rice 2014/15 supply and use changes result in a 1.5 million cwt increase in ending stocks to 42.4 million, up 33 percent from the previous year. Long-grain ending stocks are increased 500,000 to 27.6 million, and combined medium- and short-grain ending stocks are increased 1 million to 12.5 million. All rice imports are raised 500,000 (all in long-grain) to 23.5 million as imports from Thailand were strong in February according to the U.S. Census Bureau trade data. No other changes are made on the supply side. Total 2014/15 all rice use is lowered 1 million cwt to 234 million-all in combined medium- and short-grain rice. All rice domestic and residual use is lowered 2 million cwt to 129 million with long-grain and combined medium- and short-grain each reduced 1 million to 98 million and 31 million, respectively. Partially offsetting the decrease in domestic and residual use is a 1 million cwt increase in all rice exports to 105 million (all in long-grain) as exports increased recently to Western Hemisphere markets. Long-grain exports are forecast at 73 million cwt, and combined medium- and short-grain exports at 32 million.
The decrease in 2014/15 all rice domestic and residual use is based primarily on total use implied from USDA's Rice Stocks report on March 31. USDA's March 1 rice stocks were higher than expected and above trade expectations. All rice March 1 stocks totaled 120.8 million cwt (rough-equivalent basis), up 24 percent from the previous year, and the highest since 2011. Implied all rice domestic and residual use for December-February 2014/15 was down 8 percent from the previous market year, and 5 percent below the previous 4-year average.
The 2014/15 long-grain season-average price at the midpoint is projected at $12.30 per cwt, down 20 cents per cwt from a month ago and down $3.10 per cwt from last year. The all combined medium- and short-grain season-average price at the midpoint is forecast at $18.60 per cwt, up 10 cents per cwt from last month, but 60 cents per cwt below a year ago. The California medium- and short-grain rice price is raised slightly from last month and the Other States price is unchanged. The all rice price at the midpoint is projected at $14.20 per cwt, down 10 cents per cwt from last month, and $2.10 per cwt below 2013/14.
Global 2014/15 rice ending stocks are increased 900,000 tons as the decrease in use adds to a slight increase in supplies. Global consumption (includes residual) is lowered nearly 650,000 tons as projected use is lowered for Indonesia, Japan, and the United States, partially offset by increases for Pakistan and Thailand. Total rice supplies in 2014/15 are increased 300,000 tons due to an increase in beginning stocks (+600,000) more than offsetting a reduction in production (-300,000). The rise in global beginning stocks is due primarily to increases for Japan, Pakistan, and Taiwan. The reduction in global 2014/15 rice production results mainly from decreases for Indonesia, Vietnam, and Sub-Saharan Africa, partially offset by an increase for Pakistan. Global rice exports for 2014/15 are lowered slightly due to reductions for Egypt, Japan, and Pakistan, partially offset by increases for Brazil, and the United States. Imports are lowered slightly for Sub-Saharan Africa and the Middle East, but raised for the United States.
Read the full report here.
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Weekly Rice Sales, Exports Reported
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WASHINGTON, DC -- Net rice sales of 61,100 MT for 2014/2015 were up 31 percent from the previous week, but down 22 percent from the prior four-week average, according to today's Export Sales Highlights report. Increases were reported for Mexico (35,700 MT), unknown destinations (9,300 MT), Haiti (7,100 MT), Saudi Arabia (2,500 MT), and Guatemala (2,400 MT). Exports of 60,400 MT were down 3 percent from the previous week, but up 1 percent from the prior four-week average. The primary destinations were Colombia (24,500 MT), Japan (12,100 MT), Mexico (8,800 MT), Honduras (7,500 MT), and Jordan (2,100 MT). This summary is based on reports from exporters from the period March 27-April 2.
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CME Group/Closing Rough Rice Futures | CME Group (Prelim): Closing Rough Rice Futures for April 9
May 2015
| $10.400 |
- $0.175
| July 2015 | $10.655 |
- $0.175
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September 2015
| $10.900 |
- $0.160
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November 2016
| $11.125 |
- $0.150
| January 2016 | $11.370 |
- $0.125
| March 2016 | $11.420 |
- $0.125
| May 2016 | $11.420 |
- $0.125
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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
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