USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Wednesday, November 18, 2015
USA Rice Travels with USDA on Trade Mission to Africa 
 
USA Rice's Eszter Somogyi and  
AR Ag Secretary Wes Ward 
ACCRA, GHANA -- The U.S. Department of Agriculture (USDA) is conducting a week-long Agribusiness Trade Mission to Sub-Saharan Africa here, setting up meetings with local entities interested in establishing trade relations with U.S. companies.  The U.S. delegation, led by USDA Deputy Secretary Krysta Harden and including USA Rice and Arkansas Secretary of Agriculture Wes Ward, is the largest ever to visit West Africa.
 
Secretary Harden spoke at today's opening ceremony as did local ministers from Ghana, Ivory Coast, and Nigeria.
 
Tomorrow's agenda includes a cooking competition, part of the USA Rice lead Global Based Initiative (GBI) activity, where foodservice professionals will vie to prepare the best dish using U.S. rice, poultry, and peanuts.  The aim of the event is to increase usage of these products and generate positive media coverage on local TV, radio, and press.
 
Contact:  Eszter Somogyi 011-49-40-4503-8667

Opening ceremonies with Secretary Krysta Harden (seated, second from left)

CCC Announces Prevailing World Market Prices 
WASHINGTON, DC -- The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2015 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).  Prices are unchanged from the previous announcement.

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long Grain
15.10
9.53
0.00
Medium/Short Grain
14.60
9.79
0.00
Brokens
  9.11   
----
----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:

 
U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long Grain
55.01/13.46
6.50
Medium/Short Grain
61.81/8.43
6.50
 
The next program announcement is scheduled for November 25, 2015.    
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for November 18 

Month
Price
Net Change
January 2016$11.840
- $0.225
March 2016$12.105
- $0.220
May 2016$12.395
- $0.220
July 2016$12.645
- $0.220
September 2016
$12.345
- $0.085
November 2016
$12.345
- $0.085
January 2017
$12.345
- $0.085
In the News
Around Washington
During the past decade, there has been a quiet revolution in the way many scholars and advocates think about aid. We can call it the post-theory approach. The idea is that rich countries shouldn't see themselves as responsible for coming up with theories about how poor countries can become richer. Rather, the rich countries allow the poor ones to determine what they think needs to happen and then pay money to whoever comes up with an actual solution.
 
 
Science and Technology
In a new study in Nature Geoscience, researchers took another stab at estimating how much water is stored in our planet's crust, this time with tens of thousands more data points. They also looked at the age of that water, or how long it had been underground, to understand how quickly it can be replenished as humans keep pulling it out.
 
 
Health and Nutrition
To help consumers, the USDA offers these general definitions: Sell by, Best by, and Use by.
Like us on FacebookFollow us on TwitterView our videos on YouTube
Upcoming Events
 Events Calendar
 
Recent Issues




Mission Statement
USA Rice  is the global advocate for all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
About Us
Editor:  Michael Klein
(703) 236-1458
mklein@usarice.com

Fax (703) 236-2301

2101 Wilson Boulevard, Suite 610
Arlington, VA 22201

This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of  USA Rice.

Copyright © 2015. Please direct comments or questions to the editor or contact name listed for each story.