USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Monday, October 5, 2015
Trans Pacific Partnership Agreement Reached  
ARLINGTON, VA -- Trade Ministers from 12 countries, including the United States, announced in Atlanta this morning the conclusion of trade negotiations under the Trans Pacific Partnership (TPP).
 
USA Rice has been engaged with U.S. negotiators for several years to ensure that rice market access is improved as part of any final TPP deal and we appreciate the substantial effort and work put in by U.S. negotiators.  As with previous TPP negotiating sessions and Ministerial meetings, USA Rice was represented in Atlanta by member leaders and staff who provided technical and policy guidance to U.S. negotiators.
 
Administration officials are now finalizing the documents making up the agreement and U.S. law requires that the TPP text be made available to the public sixty days prior to submission of the agreement to Congress for approval.
 
USA Rice Chairman Dow Brantley, a rice farmer from Arkansas, said, "USA Rice will review the documents in detail when available and will, in consultation with our leadership, decide whether the market access gains are significant enough for us to support passage in Congress."
 
Brantley continued, "USA Rice also thanks Members of Congress and congressional leaders for their strong support and advocacy for an agreement that provides meaningful benefits for U.S. rice.  Rice is nearly always a sensitive commodity in trade negotiations and the TPP was no exception.  USA Rice will continue to remain in close contact with Congress as we assess the agreement."
 
The 12 TPP partners are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
 
Contact:  Bob Cummings (703) 236-1473

 
TPP Trade Ministers wrap it up in Atlanta 

Crop Progress:   2015 Crop 78 Percent Harvested   

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

Rice Harvested, Selected States 
Week Ending
State
Oct 4, 2014
Sept 27, 2015 
Oct 4, 2015
2010-2014 average
Percent
Arkansas
74
72
84
78
California
26
35
40
24
Louisiana
99
98
99
99
Mississippi
81
76
87
81
Missouri
59
48
66
70
Texas
100
98
99
100
Six States
68
69
78
71
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for October 5

Month
Price
Net Change
November 2015$13.400
+ $0.150
January 2016
$13.685
+ $0.155
March 2016
$13.960
+ $0.160
May 2016$14.095
+ $0.155
July 2016$14.090
+ $0.015
September 2016$13.195
+ $0.015 
November 2016
$13.195
+ $0.015
In the News
Around the Country
The Rice Festival in Winnie, Texas, has been around for 46-years, and festival-goers say every year it gets better and better. 
 
Safety upgrades to farm equipment can save lives, but many improvements are expensive - and there are no incentives or rules to enforce them.
 
 
Around the World
Fruits of Our Labor National Geographic
"Live in each season as it passes. Breathe the air, drink the drink, taste the fruit, and resign yourself to the influence of the earth." - Henry David Thoreau
 
A new project that aims to maximize rainfed rice production through efficient natural resource management based on seasonal climate prediction was launched on 1 October. Climate Change Adaptation through Development of a Decision Support tool to guide Rainfed Rice production (CCADS-RR) will address existing constraints in local rice production in Southeast Asia through the Weather-Rice-Nutrient integrated Decision Support System (WeRise).
 
Futures markets are already pricing in a rebound. U.S. rough rice futures on the Chicago Board of Trade-the most closely watched by international markets-are up 24.5% over the last three months.
 
 
Tariffs and Trade
Drugs, dairy products, auto parts, rice, pork and beef.
 
On rice, Japan is establishing a new quota of 50,000 tons of U.S. imports, which will rise to 70,000 over 13 years, along with potential new opportunities for increased U.S. sales within quotas already created through the World Trade Organization. The quota was less than that hoped for by rice exporters in the U.S., the fifth-leading shipper of the grain after Thailand, India, Vietnam and Pakistan.
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