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Up-to-the-Minute News on Issues and Activities
Wednesday, April 15, 2015
RCPP Meeting Sets the Stage for Sustainability Talks

MEMPHIS, TN -- Earlier this week, USA Rice and Ducks Unlimited hosted meetings for contributing partners in the Sustaining the Future of Rice Regional Conservation Partnership Program (RCPP).  The roundtable meeting was designed to foster discussion amongst USA Rice member companies and end users on how to improve and coordinate common goals and initiatives related to sustainability and conservation.

 

The meeting participants, all of whom support the Rice and Ducks RCPP through in-kind and cash contributions, are now looking to further implement and support conservation practices on rice farms through collaboration and to help build capacity for future projects. Companies represented include:  Anheuser-Busch, Kellogg's, Mars, Producers Rice Mill, Riceland Foods, and Unilever.

 

"Each company shared their goals for rice sustainability -- which for us is not solely environmental, but economic as well," said Arkansas rice farmer and Chair of the USA Rice Sustainability Task Force Jennifer James.  "We agreed to coordinate going forward on the Field Print Calculator which will form the basis of evaluating improvements on farms for the RCPP and other conservation initiatives."

 

The group developed a detailed timeline for implementation and grower outreach to ensure that rice farmers take advantage of the new RCPP program that will provide $10 million in support for their conservation efforts.

 

Readers can learn more about RCPP programs in the upcoming issue of The Whole Grain, out later this month. 

Contact:  Ben Mosely (703) 236-1471

Sustainability matters (from left):  Steven Caver, Producers Rice Mill; Amy Braun, Kellogg's; Mark Lambert, Riceland Foods; Stephanie Milli, Unilever; Scott Manley, Ducks Unlimited; Betsy Ward, USA Rice; Ben Noble, Arkansas Rice Federation; Lauren Waldrip, Arkansas Rice Federation; Andy Morris, Mars; Jennifer James, rice grower; Ben Mosely, USA Rice; Alex St. Amour, Arkansas Rice Federation, and Kristopher Riggs, Anheuser-Busch.
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).  Prices are unchanged from the previous announcement.

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long-Grain
15.44
10.00  
0.00
Medium-/Short-Grain
15.04
10.13
0.00
Brokens
  9.31
----
----

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:

 
U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long-Grain
57.21/12.55
6.64
Medium-/Short-Grain
61.89/8.83
6.51
 
The next program announcement is scheduled for April 22. 
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for April 15

Month
Price
Net Change
May 2015$10.095
- $0.115
July 2015$10.345
- $0.120
September 2015$10.600
- $0.115
November 2015$10.815
- $0.115
January 2016$11.045
- $0.115
March 2016
$11.095
- $0.115
May 2016
$11.095
- $0.115

In the News 

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Around the Country

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Around the World

Feeding 7 Billion Mashable

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Tariffs and Trade

Cuba to be Removed from U.S. List of Nations that Sponsor Terrorism New York Times

Cuba will not come off the list until after a 45-day review period, during which a joint resolution to block its removal could be considered in the House and the Senate.

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