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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Friday, May 15, 2015

South Korean Researchers Visit USA Rice            

 
USA Rice's Jim Guinn (l.)meets
with Korean research team.
 

ARLINGTON, VA -- Representatives from KREI, South Korea's equivalent to our own government's Economic Research Service (ERS), stopped by USA Rice offices yesterday to discuss future trends in American rice markets.

 

South Korea recently underwent tariffication, and is being challenged at the World Trade Organization by the U.S. and four other countries on its 513 percent out-of-quota duty. While the policy and challenges to it were not discussed in the meeting, both sides acknowledged the mounting political sensitivity of rice trade in Korea.

 

Korea remains a high value market for U.S. rice, importing over 20,000 MT in the first three months of 2015. USA Rice also conducts several successful promotion campaigns to raise awareness for U.S. rice in Korea and most recently exhibited at the annual Seoul Food and Hotel Show.

 

Contact:  Kristen Dayton (703) 236-1464

Mexico Heralds Return of USA Rice's "Paella Wednesday" Promo            

MEXICO CITY, MEXICO -- USA Rice's wildly successful "Paella Wednesday" program is back. This year's promotion, which runs from May through December, is being conducted at Sanborns, a major department store chain with more than 100 restaurants in Mexico City and the Metropolitan area frequented by approximately one million customers each month. 

 

During the promotion, each Sanborns restaurant will display a full-color poster and tabletop tents to remind consumers that Wednesday is Paella Day and that the delicious paellas will be prepared with U.S.-grown rice, as will dessert options.

 

Sanborns' flagship restaurant is a major Mexico City tourist attraction and a national monument, the 16th century House of Tiles, or "Casa de los Azulejos."

 

Sanborns also sells books and magazines, including USA Rice's most recent cookbook, Traditional Mexican Recipes with Rice. The 40 delicious recipes in the new cookbook are favorites in the Mexican culture and are either customarily served with rice, or give common dishes a contemporary twist by incorporating rice. 

 

"Each year, Sanborns purchases more than 30,000 pounds of U.S. rice from IPACPA and Schettino, the largest millers/packers in Mexico," said Gaby Carbajal, USA Rice's representative in Mexico. "Through our promotions at these popular stores we aim to increase consumers' purchases of rice dishes and expose them to the great flavor of U.S. rice."

 

Contact:  Sarah Moran (703) 236-1457 

CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for May 15

Month
Price
Net Change
July 2015
$9.575
- $0.060
September 2015
$9.845
- $0.045
November 2015
$10.095
  - $0.040   
January 2016
$10.355
  - $0.025   
March 2016
$10.420
- $0.025
May 2016
$10.420
- $0.025
July 2016
$10.420
- $0.025

In the News 

Around Washington

Senate Agrees to Debate 'Fast Track' Trade Bill USA Today

The Senate trade debate is expected to roll into next week. If TPA passes, the House is on track to follow suit in June.

 

 

Around the Country

Managing Rice with Herbicide Drift Delta Farm Press

Herbicide drift is bad this year, and it can be very difficult to decide what to do to manage a rice field that Newpath or Roundup has drifted onto.

 

 

Tariffs and Trade

U.S. 'Playing by the Rules,' Paying Price for Unfair Competition in Rice  

Delta Farm Press

ITC study says: "The global rice market is characterized by significant government intervention in both imports and exports. This has affected trade and price trends in the world rice market more than it has for most other agricultural products."

Science and Technology

 

 

Science and Technology 

Drones Boom Raises New Question: Who Owns Your Airspace? Wall Street Journal

In recent years, technology advances have made remote-controlled aircraft cheaper, more powerful and easier to fly, and now tens of thousands of the devices are cluttering that band of sky. Use is expected to soar further next year, when proposed federal rules for commercial drone flights are likely to be completed.

 

 

Health and Nutrition

Master These 6 Recipes and Call Yourself a Rice Pro Refinery29.com

Easy 'how to' for cooking perfect rice every time and five easy rice recipes ranging from comfort food staples to takeout favorites to delicious desserts.

USA Rice Daily Index of Articles, May 11-14

Thursday, May 14   

USA Rice Hails ITC Study of Global Rice Industry

The Senate Gives TPA a Second Chance

House Kills WOTUS 

 

Wednesday, May 13
World Market Price Subcommittee Talks Acreage, Iraq, and Cuba

Tuesday, May 12
USDA Seeks Input From Growers About 2015 Crops
WASDE Report Released

Monday, May 11
USA Rice Meets with U.S. Ambassador to Iraq
USA Rice Welcomes New Government Affairs Manager
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