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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Wednesday, April 22, 2015
Japanese Food Bloggers Crave and Rave about U.S. Rice

TOKYO, JAPAN - U.S. medium grain rice stole the show at a taste-testing event last week that was hosted by "Yummy-san", a popular food specialist and blogger. Yummy-san devised twelve innovative "Cal-Bowl" menus for a recipe book published by USA Rice earlier this year to great success. The twenty-seven bloggers in attendance were given the opportunity to sample three recipes from the book "Cobb Salad Bowl," "Spicy Salad Bowl of Salsa Rice," and "Gazpacho Soup Bowl."

 

U.S. rice is the talk of the table: Yumi Kojima, Michael Rue, and Yummy-san visit with the bloggers

The event drew high-profile speakers and attendees, including Mr. Evan Mangino, deputy director of the U.S. Embassy Agricultural Trade Office (ATO) in Tokyo, who gave an opening speech to kick off the festivities. Yumi Kohima, a representative for USA Rice, made a brief presentation on U.S.-grown rice and the Cal-Bowl menu concept. Attendees were provided with facts and nutritional information that highlighted the allure of American rice. Yummy-san also showcased the versatility of U.S. grown rice by conducting cooking demonstrations of the Cobb Salad Bowl and the Salsa Rice Bowl.  

   

A taste-testing of the four menus followed.  California rice farmer Michael Rue was on hand representing the USA Rice Federation and with Mangino and Yummy-san, interacting with the participants to provide additional information about American rice.

 

"Attendees experienced firsthand the appeal of U.S.-grown rice and were extremely impressed with the Cal-Bowl menus," said Michael Rue. "This event provides great exposure to a targeted group of tech-savvy people who will spread the word about U.S. rice on their blogs, extending our promotion efforts to a considerably wider audience."

 

To encourage the bloggers to actually try their own Cal-Bowl creations at home, participants were given a 400 gram sample of U.S. medium grain, the recipe book, and a small bowl. Attendees also filled out a survey designed to gauge their response to the Cal-Bowl menus they sampled.

The event went viral with many of the bloggers endorsing U.S.-grown rice on their websites. USA Rice is planning to continue conducting various consumer activities in an effort to promote the "Cal-Bowl" salad style this summer in Japan and the blogs featuring Cal-Bowl menus will aid promotion efforts.

 

Contact: Bill Farmer (832) 302-6710

 

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 29.  
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for April 22

Month
Price
Net Change
May 2015$10.155
 + $0.175
July 2015$10.390
+ $0.165
September 2015$10.650
+ $0.165
November 2015$10.885
+ $0.170
January 2016$11.115
+ $0.170
March 2016
$11.165
+ $0.170
May 2016
$11.165
+ $0.170

In the News 

Around the Country

New Crop Insurance Math, New Challenges for Farmers Politico

The newest refinement is called yield exclusion, a provision in the 2014 farm bill which was added in the final talks on behalf of cotton and grain producers in the South and West hurt by the severe droughts of recent years.

 

Around the World

Chinese State TV Investigates Rice Switcheroo Scam at National Grain Warehouse Wall Street Journal

In a four-minute segment broadcast on CCTV's news report, video footage showed a grain merchant in China's northeastern Jilin province buying 47 metric tons of old rice from state stockpile China Grain Reserve Corp. and then reselling the shipment as newly harvested rice via a second trader to another state warehouse.

 

Think Tank Forecasts Bumper Grain Harvest Global Post

China will reap a bumper grain harvest for a 12th consecutive year in 2015, boosted by government policies encouraging production to feed the world's largest population, a think tank has forecast.  

 

Conservation, Environment & Wildlife

Voluntary Conservation Effort to Clear California San Joaquin Valley Air Gets a Thumbs Up from Regulators USDA

Voluntary efforts by farmers, ranchers, and the NRCS to improve air quality in California's San Joaquin Valley have received regulatory acknowledgement from the EPA.

 

Tariffs and Trade

Deal on Trade Pact Gives Obama Authority but Builds in a Delay The New York Times

Republican lawmakers and the White House have agreed to subject any trade deal negotiated by President Obama to a months-long review by Congress and the public.  

 

Trade Poison Pill The New York Times

The House would rightly resist a measure that gives protectionists a new excuse to oppose free trade. President Obama would rightly resist the infringement on his negotiating power. And foreign governments aren't likely to agree to any trade pact if they think the U.S. Congress can punish them for currency movements they don't control.


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