USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Tuesday November 17, 2015
USA Rice Visits UK Trade with Eye to Returning U.S. Rice to Shelves   
 
Reputation for quality 
LONDON, UNITED KINGDOM -- USA Rice President & CEO Betsy Ward and Regional Director Hartwig Schmidt recently conducted trade visits here to update the UK rice trade on the current U.S. rice supply situation.
 
Approximately 90 percent of U.S. long grain rice sales here service the ethnic sector, but there is increasing competition from European and Thai origins, based on price.
 
"We're also now seeing basmati prices dropping enough that consumers are sometimes willing to give it a try in place of U.S. long grain," Ward said after meeting with major retailers.  "The good news is that we have an unparalleled reputation for quality, consistency, food safety, and sustainability.  The task at hand will be doing more to promote these facts to consumers."
 
Ward said USA Rice conducts several promotional activities in the ethnic sector throughout the year here and that importers of U.S. rice she met with offered valuable suggestions on additional promotions that should be considered to increase U.S. rice sales. 
 
Meetings with rice buyers in the industrial sector revealed the potential for reintroducing U.S. rice to this high volume market segment, who remember and appreciate the consistency and high quality of U.S. long grain rice.  
 
It is through regular trade servicing and promotional activities that USA Rice, in cooperation with the UK trade, will get U.S. rice back on the retail shelves beyond just the ethnic markets.  In spite of the tough competition, U.S. long grain rice sales more than doubled as compared to last year, reaching over 18,000 MT in the period January-September 2015.
 
Contact:  Hartwig Schmidt 011-49-40-4503-8660
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for November 17

Month
Price
Net Change
January 2016$12.065
+ $0.225
March 2016$12.325
+ $0.225
May 2016$12.615
+ $0.225
July 2016$12.865
+ $0.225
September 2016$12.430
+ $0.225 
November 2016
$12.430
+ $0.225
January 2017
$12.430
 + $0.225
In the News
Around the Country
Only 0.6 percent of Texas currently is experiencing drought conditions, down from 4.3 percent a week ago, 18 percent three months ago and 44 percent a year ago.
 
 
Science and Technology
What if science could change the way food tastes by manipulating neurological signals inside a subject's body, rather than changing external characteristics such as cooking style, feeding environment or the food itself?
 
 
Tariffs and Trade
Cubans have a long history of preferring high quality U.S rice over lower priced Asian rice - if they have the income to buy it, says Nathan Childs, senior agricultural economist with the USDA's Economic Research Service. "And the U.S. sells rough, brown and milled rice while Vietnam, the major supplier now to Cuba, exports only milled rice."
 
Other measures include an effective increase in the government's purchases of domestic rice to shore up prices, which are expected to fall due to a planned increase in rice imports under the TPP pact.
 
USDA is coordinating a mission to sub-Saharan Africa with hopes to expand export opportunities for the United States. Last year, the top sub-Saharan African markets for the U.S. were Nigeria ($847 million), Angola ($298 million) South Africa ($259 million), Ghana ($129 million), Kenya ($69 million) and Ethiopia ($83 million). 
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