USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Friday, October 16, 2015
U.S. Rice Sale Lost Amongst Chaos at Iraqi Ministry of Trade   
Well, here's another nice mess 
BAGHDAD, IRAQ -- Yesterday USA Rice learned that Iraq's Ministry of Trade (MoT) cancelled the sale of 30,000 MT of U.S. rice that was awarded under the last tender.  This move was anticipated because the U.S.-origin award was made to an Indian company with no previous record of exporting U.S. rice and at a bid price well below offers of U.S. rice from a U.S. firm and a U.K. firm.  The MoT retained the award of 50,000 MT of Indian-origin rice bid by a second Indian company.
 
Because the MoT cancelled the sale, the Indian company did not lose their performance bond of 1 percent of the sale amount (estimated at $168,000).  This is very convoluted and one can speculate how this situation unfolded, but the end result is a U.S. rice sale was lost on what appears to be less than commercial considerations.
 
This comes on the heels of reports of accusations of corruption leading to a major shakeup at the MoT and the Grain Board.  Three members of the contracts committee at the MoT have reportedly been placed in retirement and the Prime Minister's office is installing a new contracts committee.  The Director General of the Grain Board, who was there on an interim basis, has left his position.  There are probably other changes in the works or happening under the radar.   There are reports of ongoing investigations, but these cannot be confirmed.
 
"We understand that a new tender will be announced on Monday, October 19," said USA Rice President & CEO Betsy Ward.  "We will remain engaged with the MoT through our consultant and with the U.S. Embassy in Baghdad to provide information and advocate for purchases of U.S. rice on this upcoming tender."
 
Contact:  Jim Guinn (703) 236-1474
H-E-B Dietitians Report National Rice Month Promotion Success 
ARLINGTON, VA -- Supermarket dietitians (SRD) at H-E-B stores celebrated National Rice Month during September with an integrated promotion campaign that included the store magazine, text messages to consumers, and recipe demonstrations.
 
"When it comes to spreading the word about U.S-grown rice and building awareness for the industry, H-E-B is a valuable partner.  The supermarket does a fantastic job of reaching shoppers across a sampling of media with print, online, and in-store demos," said Katie Maher, USA Rice director of domestic promotion.
 
U.S.-grown rice was prominently featured in the September issue of the store's My Health & Wellness Magazine, with a circulation of 695,000 shoppers and an additional reach of more than 540,000 online visitors.  Readers were encouraged to Think Rice with a two week meal plan that included four rice recipes.  The "News to Chews" section of the magazine focused on the health benefits, versatility, and convenience of cooking rice at home
 
As a second prong in the promotion campaign, H-E-B's healthy text message channel put out four weekly text messages to 80,000 subscribers.  Messages were derived from the SRD toolkit and promoted the Grown in the USA label.  One message read, "Take your taste buds on an adventure!  Enjoy global and exotic cuisine with locally-grown rice.  Try U.S. grown jasmine, basmati, black, and red rice."
 
Recipes from USA Rice were used for in-store demonstrations at select locations and customers were given recipe cards with the Think Rice logo during the tasting.
 
Contact:  Amy Doane (703) 236-1454
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for October 16

Month
Price
Net Change
November 2015$12.110
- $0.170
January 2016
$12.400
- $0.165
March 2016
$12.680
- $0.165
May 2016$12.905
- $0.140  
July 2016$13.090
- $0.130
September 2016$12.365
- $0.165
November 2016
$12.365
- $0.165
In the News
Around Washington
Video report: Texas Republican Mike Conaway wasn't viewed as agriculture's best bet during his first run for Congress, but he has since become one of the most powerful agricultural legislators in Congress.
 
 
Around the Country
Jarrod Hardke, a rice agronomist with the University of Arkansas Division of Agriculture Cooperative Extension Service, said, "At this point it's actually very helpful in terms of harvesting the rice crop. Getting in and out of the field without actually causing much field damage due to rutting that we can oftentimes get into when we have a wet fall."
Despite the drought, some growers still have a little more surface water available. The water year was so uncertain, that growers did not want to get caught using more water than their share. The result is that some have a little water left over after the growing season.
 
 
Science and Technology
As population grows over the next 35 years, however, we're going to have to do it all: reduce waste, farm more efficiently, share more equitably, eat less meat, and increase yields. That's when things get tougher.
 
 
Health and Nutrition
Research has shown many improved health benefits from eating whole grain rice varieties such as red and black rice. Comparative nutrition studies on red, black and white varieties of rice suggest that pigments in red and black rice varieties may protect against chronic diseases.
 
 
Tariffs and Trade
Washington, Idaho and California governors support lifting trade restrictions blamed for limiting U.S. food exports to Cuba.
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