USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Monday, August 3, 2015

TPP Ministerial Yields No Agreement       

TPP
No deal yet 

MAUI, HI - Trade ministers from twelve countries met for several days here last week, but failed to reach agreement on the broad and far reaching Trans Pacific Partnership (TPP) agreement.  USA Rice was present at the meeting to press for greater market access for U.S. rice and to protect existing U.S. rice markets.  Obstacles on agriculture market access, particularly dairy, sugar, and rice, as well as on auto trade, among key TPP players are behind the lack of agreement.

 

"Despite a reasonable and commercially viable U.S. negotiating position on rice market access to Japan, Japan is offering new access equivalent to less than one percent of Japan's market," said Michael Rue, a California rice farmer who attended the Ministerial. "Additionally, the government of Japan is seeking to continue a very heavy-handed management of imports that prevents direct access to Japan's consumers."

 

Rue is also the chairman of USA Rice's Asia Trade Policy Subcommittee and believes the current deal is ultimately unacceptable to the U.S. rice industry.

 

"We are also concerned about the competitive status of U.S. rice if under this agreement Vietnam achieves duty-free status for milled rice in Mexico," he said. "We will look at any agreement as a whole, but an agreement without meaningful improvement in the quantity and quality of market access for U.S. rice in Japan and preservation of existing market access overall is an agreement that we have no choice but to oppose."

 

"We will redouble our efforts with administration officials and Congress to educate them on the critical importance of not settling for an agreement that provides substandard benefits for U.S. rice," said Bob Cummings, USA Rice COO who also attended the Ministerial.

 

Cummings said another Ministerial could be planned for later this summer, and USA Rice would continue to participate to represent the U.S. industry.

 

The twelve TPP participants are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.

 

Contact: Kristen Dayton (703) 236-1464 

 

Crop Progress:   2015 Crop 63 Percent Headed   

WASHINGTON, DC -- Sixty-three percent of the nation's 2015 rice acreage is headed, according to today's U.S. Department of Agriculture's Crop Progress Report.

Rice Headed, Selected States 
Week Ending
State
 August 2, 2014  
July 26, 2015  
August 2, 2015
2010-2014 average
Percent
Arkansas
46
45 
65
59 
California
46
20 
25
24
Louisiana
91 
91
94
92
Mississippi
65
72
81 
76
Missouri
56
42
58 
43 
Texas
88
79
84 
89
Six States
57 
51
63
59
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for August 3

Month
Price
Net Change
September 2015
$11.395
- $0.120
November 2015
$11.660
- $0.115
January 2016
$11.935
- $0.115
March 2016
$12.135
- $0.120
May 2016
$12.320
- $0.120
July 2016
$12.320
- $0.120
September 2016
$11.830
- $0.120

In the News

Around the Country

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Tariffs and Trade

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Talks for Pacific Trade Deal Stumble New York Times

Trade negotiators from the United States and 11 other Pacific nations failed to reach final agreement on Friday, with difficult talks on the largest regional trade agreement ever deadlocking over protections for drug companies and access to agriculture markets on both sides of the Pacific.


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