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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Friday, May 29, 2015

Cuba Removed from State Terrorism List         

Cleared by state
Cleared by State

WASHINGTON, D.C.- The State Department has announced that Cuba will no longer be designated as a state sponsor of terrorism effective immediately.

 

"Today's decision, made by Secretary Kerry, is an important step towards achieving normal commercial relations between the United States and Cuba, which has long been a key goal of U.S. rice producers, millers and exporters," said Bob Cummings, USA Rice COO.  "Much work remains, but this step is critical to improving the overall political relationship between the two countries. USA Rice will continue its leadership role in seeking the removal of obstacles to travel and trade with Cuba."  

 

Removing Cuba from this list also opens up eligibility for aid under the Foreign Assistance Act (FAA), including food assistance programs managed by the U.S. Agency for International Development.    

 

The State Department noted that, "While the United States has significant concerns and disagreements with a wide range of Cuba's policies and actions, these fall outside the criteria relevant to the rescission of a State Sponsor of Terrorism designation."  

 

Contact: Kristen Dayton (703) 236-1464 

USA Rice at Seoul Food and Hotel Show; Interest in U.S.-Grown Rice for Manufacturing                

Busy booth
Busy booth 

ILSAN, SOUTH KOREA - Earlier this month, USA Rice opened its popular booth in the U.S. pavilion of the Seoul Food & Hotel Korea exhibition here. The show is Korea's longest running, and Asia's third largest, food trade show with more than 40,000 attendees from 39 countries.

 

USA Rice displayed U.S. medium and long grain rice and conducted recipe demonstrations using U.S. medium grain rice in kimbob (rice roll wrapped with seaweed) and fried rice. Steamed white rice was presented to showcase the performance of U.S. medium grain rice.

 

Approximately 1,000 registered guests from food service, food manufacturing and distribution fields visited the USA Rice booth during the show. Among the visitors were representatives of some major food manufacturers interested in using U.S. rice as an ingredient for their product development, such as retort fried rice, rice cakes, and rice flour. USA Rice staff will follow up for possible diversification of U.S. rice into food manufacturing sectors.

 

The Korean government has purchased 64,000 MT of U.S. brown rice for processing purpose as of May 15, 2015. Another tender was held on May 21, which includes 10,000 MT of USDA #1 medium grain milled rice for table rice purposes and 38,352 MT of USDA #3 Medium Grain Brown Rice for processing purposes. Results of the tender are pending at this time.

 

Contact: Bill Farmer (832) 302-6710

 

Weekly Rice Sales, Exports Reported
WASHINGTON, DC -- Net sales of 69,700 MT for 2014/2015 were up noticeably from the previous week and up 35 percent from the prior 4-week average, according to today's Export Sales Highlights report. Increases were reported for Mexico (17,800 MT), Colombia (15,300 MT), Haiti (14,400 MT), Honduras (12,900 MT, including 11,000 MT switched from unknown destinations), and New Guinea (7,500 MT, including 7,000 MT late reporting).  Decreases were reported for unknown destinations (11,500 MT) and Guatemala (4,200 MT).

Exports of 61,700 MT were down 29 percent from the previous week and 12 percent from the prior 4-week average.  The primary destinations were Haiti (14,400 MT), Honduras (12,700 MT), Japan (12,000 MT), New Guinea (7,500 MT, including 7,000 MT late reporting), and El Salvador (4,700 MT).

This summary is based on reports from exporters from the period May 15-21.

CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for May 29

Month
Price
Net Change
July 2015
$9.510
UNCH 
September 2015
$9.785
UNCH 
November 2015
$10.065
  +$0.005 
January 2016
$10.320
 + $0.005   
March 2016
$10.505
UNCH 
May 2016
$10.505
UNCH
July 2016
$10.505
UNCH

In the News 

Around the Country

EPA Plans Temporary Pesticide Restrictions While Bees Feed Business Journal

If honeybees are busy pollinating large, blooming croplands, farmers wanting to spray toxic pesticides will soon have to buzz off, the Environmental Protection Agency is proposing.

 

Managing Pre-Flood Nitrogen in Rice with Wet Weather, Again... Delta Farm Press

For many Arkansas rice fields, options are running out for pre-flood nitrogen (N) applications. 

 

Mississippi Land Values Not Falling Like Midwest's Despite Lower Grain Prices Delta Farm Press

The decline in land values hasn't been as steep in Mississippi and other southeastern states, which never saw quite the explosion in prices that occurred in the traditional Corn Belt states in the Midwest.

 

Rice Supply-Demand Outlook Improving, Prices Not So Much Delta Farm Press

All the signs point to an improved supply and demand situation for the global rice industry. But that doesn't mean world rice prices will move higher any time soon, according to Nathan Childs, senior agricultural economist with USDA's Economic Research Service.

 

Tariffs and Trade

Cubans Wait to Witness Scope of American Influence Las Vegas Sun

Cuba is the new must-see place for Americans. Leading the way are American businessmen, excited about the enormous potential of a largely undeveloped island with a population of 11 million only 90 miles from Florida. Rice growers from California and representatives of major hotel chains are among those who have visited.

 

USDA Expects Lower U.S. Farm Exports Agri-Pulse

USDA reduced its fiscal 2015 forecast for agricultural exports to $140.5 billion and cut its estimate of imports to $117 billion, which would still be the highest ever.

USA Rice Daily Index of Articles, May 26-28

Thursday, May 28  

Grain Industry Urges Continued Positive Grain Recommendations in 2015 Dietary Guidelines

 

Wednesday, May 27
WOTUS Revisited 

Tuesday, May 26
Phytosanitary Deal with China Still Not Complete
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