USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Thursday, September 3, 2015
Fortified Rice is Integral Part of Solution to Global Hunger            
 
Conference attendees
   
MANHATTAN, KANSAS -- More than 40 participants from the rice industry, academia, U.S. government agencies, and private companies gathered at Kansas State University (KSU) last week to develop a unified working agenda and promote production capacity of fortified rice in the United States. 
 
USA Rice has been collaborating closely with the U.S. Department of Agriculture, U.S. Agency for International Development, and the World Food Program, to ensure the increased use of fortified rice in the U.S. government's global feeding programs.  This event was the latest to emphasize the importance of a new fortified rice formulation in addressing global hidden hunger. 
 
With fortified rice being more readily recognized as an important tool in the fight against global malnutrition, the primary area of focus is resolving outstanding logistics issues in the complicated production chain in the U.S.  This requires ongoing close coordination and communication between the purchasing agencies, fortification entities, and the rice millers.  
 
Jamie Warshaw, a Louisiana rice miller and chairman of the USA Rice Food Aid Subcommittee, attended the conference and said, "While the opportunities are enormous for the U.S. rice industry, obstacles to increased use of fortified rice remain, including, for instance, customer acceptance.  The KSU event was an important first step in bringing the major stakeholders together and coordinating a plan forward." 
 
USA Rice is planning an informational session in Washington, DC next month to clarify some of the remaining questions about fortified rice and facilitate its use.  While the USA Rice session will include many important stakeholders, the target audience will be the end users - the humanitarian organizations who will work with U.S. government agencies to program increasingly greater amounts of fortified rice in new and ongoing feeding initiatives. 
 
Contact:  Sarah Moran (703) 236-1457
Weekly Rice Sales, Exports Reported        
WASHINGTON, DC -- Net rice sales of 66,000 MT for 2015/2016, up 97 percent from the previous week, were reported for Venezuela (29,500 MT), Mexico (19,600 MT), unknown destinations (7,200 MT), and Panama (3,000 MT), according to today's Export Sales Highlights report. Decreases were reported for Guatemala (1,300 MT), Costa Rica (200 MT), and Russia (100 MT).

Exports of 156,400 MT, up 74 percent from the previous week, reported to Venezuela (59,500 MT), Iraq (31,500 MT), Mexico (24,800 MT), Japan (12,000 MT), and Costa Rica (6,800 MT).

  
This summary is based on reports from exporters from the period August 21-27, 2015.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for September 3

Month
Price
Net Change
September 2015$11.795
+ $0.105
November 2015
$12.060
+ $0.105
January 2016
$12.350
+ $0.105
March 2016$12.590
+ $0.095
May 2016$12.815
+ $0.085
July 2016$12.980
+ $0.080
September 2016
$12.095
+ $0.100
In the News 
Around the Country
Twenty-eight agricultural attaches from 26 countries wrapped up a tour of farm and food processing operations in Arkansas on Wednesday before moving on to visit similar facilities in Louisiana.
 
The delegation is expected to include representatives from Tyson Foods, Riceland Foods and other in-state agri-related businesses. The dates of the trip are Sept. 28-30.
 
 
Science and Technology
The Gates Foundation has aided in the distribution of "scuba rice," which can withstand floods that would otherwise destroy crops. Today, the scuba rice is grown in over 600,000 hectares worldwide, in countries including India, Bangladesh, Nepal, Laos, the Philippines, and Indonesia.
 
 
Tariffs and Trade
The updated U.S. policy approach to Cuba provides few if any opportunities for Cuba to export agricultural products to the United States. Over the next 15 years, the challenge will be to provide more balanced opportunities for U.S.-Cuba agricultural trade and to continue to build confidence in the emerging bilateral commercial relationship.
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