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Thursday, April 23, 2015

Back in Business: U.S. Rice Returns to U.K. Retail Shelves 

U.S. rice: mainstream once again 

LONDON, UNITED KINGDOM - In a major victory for the rice industry, U.S. rice has reemerged on mainstream UK retail shelves for the first time since 2006.

 

The reappearance of U.S. rice in U.K. retail stores comes after years of campaigning and promotional efforts by USA Rice to assure suppliers that U.S.-grown rice is a high quality, competitive crop free of GMO traits. Last October, a USA Rice trade delegation traveled to the UK to meet with major retailers, UK rice importers, millers, and selected wholesalers.

 

During that successful trip, the team met with USDA Foreign Agricultural Service representatives from London, and Jim Higgiston, the Agricultural Minister Counselor at the United States Mission to the EU.

 

"We had an excellent and worthwhile dialogue with U.K. importers that has apparently paid off," said Bastiaan de Zeeuw, president and CEO of Riviana Foods.

 

For the past several years, U.S. long grain rice in the UK had only been present in the ethnic segment of the market, targeting mainly Chinese, as well as the Afro-Caribbean and Bangladeshi populations, a loyal consumer base who appreciate U.S. long grain's high quality characteristics.

 

However, thanks to the continuous joint effort by USA Rice and U.K. importers, U.S. rice can now be enjoyed by a much wider audience.

 

The umbrella brand carrying U.S. rice, Tolly Boy, is a well-known and trusted brand in the UK market, carrying different high quality rice varieties. The identified U.S. rice brand is available in select Asda stores in 5 kg and 10 kg packaging and its presence in mainstream retail stores has the potential to expand the consumer base substantially, offering higher sales volumes for U.S. long grain rice.

 

"This is an exciting development for the U.S. rice industry. The U.K. has the potential to grow into a significant market again and perhaps signal our imminent return to the continent as well," said Bastiaan de Zeeuw.


Contact:
Eszter Somogyi   011-49-40-4503-8667 

Weekly Rice Sales, Exports Reported        

WASHINGTON, DC -- Net sales of 65,600 MT for 2014/2015 were up 91 percent from the previous week and 5 percent from the prior 4-week average, according to today's Export Sales Highlights report. Increases were reported for Mexico (25,400 MT), Colombia (18,000 MT), unknown destinations (14,500 MT), Haiti (3,400 MT), and Canada (2,200 MT). 

Exports of 77,000 MT were down 7 percent from the previous week, but up 8 percent from the prior 4-week average.  The primary destinations were Mexico (41,700 MT), Japan (12,000 MT), Saudi Arabia (9,300 MT), Colombia (6,500 MT), and Jordan (3,200 MT).
 

This summary is based on reports from exporters from the period April 10-16.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for April 23

Month
Price
Net Change
May 2015
$10.060
- $0.095
July 2015$10.290
- $0.100
September 2015
$10.550
- $0.100
November 2016
$10.795
- $0.090
January 2016$11.030
- $0.085
March 2016$11.080
- $0.085
May 2016$11.080
- $0.085

In the News 

Around Washington

Grain Standards Act Reauthorization Will Include Port Dispute Safeguards AgriPulse

A bill that the House Agriculture Committee is developing to reauthorize grain inspections will include a safeguard against trade disruptions during labor disputes.

 

Around the World

Global Stocks of Rice Are Tightening in 2015 Delta Farm Press

Global ending stocks of most agricultural commodities, including feed-grains, oilseeds, wheat, and cotton are expected to reach multi-year highs in 2015.

 

UN Urged to Demand Free Access to Crop Data SciDevNet

A petition has been filed urging the UN to create a legal framework requiring governments to make data from the genetic sequencing of plants freely available.

 

Tariffs and Trade

Senate Committee OKs Fast-Track Trade Bill Agri-Pulse

The Trade Promotion Authority bill, approved 20-6 Wednesday evening with the support of a majority of the panel's minority Democrats, now heads for a showdown on the Senate floor.

 

Senators Introduce Bill to Facilitate Ag Exports to Cuba Agri-Pulse

Sens. Heidi Heitkamp, D-N.D., and John Boozman, R-Ark., introduced a bill today that would allow banks to finance agricultural exports sent to Cuba, helping to open up Cuban markets to American farmers and ranchers.

 

U.S. Disappointed by EU's New Plan to Allow Biotech Crop Bans Agri-Pulse

United States Trade Representative (USTR) Michael Froman and other national leaders expressed concern today regarding a proposal from the European Union that would allow its member states to opt out of imports of genetically engineered food and feed.

 

Wheat and Rice Growers Urge Congress to Lift Embargo on Cuba Food Business News

Representatives of American wheat and rice growers on April 21 urged the Senate Committee on Agriculture, Nutrition and Forestry to pursue the lifting of statutory restrictions on trade with Cuba.


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