USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Friday, October 30, 2015
USA Rice Highlights Trade Barriers for USTR 
Grain Ship  
Make way 
ARLINGTON, VA - USA Rice has submitted to the Office of the U.S. Trade Representative (USTR) a list of key trade barriers facing U.S. rice in foreign markets.  The barriers range from ongoing phytosanitary restrictions by Colombia on imports of U.S. paddy rice; a discriminatory and very complex tariff regime in the EU; the trade distorting impact of Thailand's rice support program; government management of rice imports in Japan and Taiwan; and Korea's new rice import regime.
 
USTR is mandated by law to publish annually the National Trade Estimate Report on Foreign Trade Barriers (NTE).   The NTE sets out an inventory of the most important foreign barriers affecting U.S. exports of goods and services, U.S. foreign direct investment, and protection of intellectual property rights.  The inventory facilitates U.S. negotiations aimed at reducing or eliminating these barriers. 
 
"USA Rice's submission provides an easy-to-follow road map to our trade negotiators of the most serious overseas barriers to U.S. rice exports," said USA Rice COO Bob Cummings.  "Over the past few years USA Rice has provided evidence of these trade barriers and lack of compliance by many of our competitors with the trade rules of the World Trade Organization.  We're anxious to strengthen our collaboration with the administration and other agriculture groups to remove these barriers and address WTO non-compliance."
 
USA Rice's submission was in response to a Federal Register notice and the NTE report should be published during the first quarter of 2016, and the full submission can be accessed here.
 
Contact Kristen Dayton (703) 236-1464

CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for October 30

Month
Price
Net Change
November 2015$11.610
+ $0.075
January 2016
$11.895
+ $0.075
March 2016
$12.160
+ $0.075
May 2016$12.415
+ $0.075
July 2016$12.615
+ $0.025
September 2016$12.240
+ $0.035
November 2016
$12.240
+ $0.035
In the News
Around Washington
Senate Agriculture Chairman Pat Roberts has assurances from his leadership to reverse crop insurance cutbacks in the budget and debt limit deal that's currently on the Senate floor.
 
The Senate could vote as early as next week on a resolution killing the Obama administration's new rule re-defining what ditches, wetlands and other areas are regulated by the Clean Water Act. 
 
Around the Country
The Department of Agriculture on Thursday announced plans to prioritize $5.6 billion in funding over the next two years to help beginning farmers and ranchers get started.
 
Tariffs and Trade                              
Japan's high-cost farmers are making an unlikely push to export more of their pricy produce. It will take more than courage to persuade the world to fork out for the country's high-cost farm goods - its producer price for rice, for example, is about eight times the American equivalent, according to the U.S. Department of Agriculture, and reforms will be required to boost efficiency.

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