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| USA Rice Daily
Up-to-the-Minute News on Issues and Activities
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Wednesday, November 18, 2015
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USA Rice Travels with USDA on Trade Mission to Africa
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USA Rice's Eszter Somogyi and
AR Ag Secretary Wes Ward
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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.
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Opening ceremonies with Secretary Krysta Harden (seated, second from left)
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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.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long Grain
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15.10
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9.53
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0.00
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Medium/Short Grain
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14.60
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9.79
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0.00
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Brokens
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9.11
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This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:
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U.S. Milling Yields
Whole/Broken
(lbs/cwt)
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Loan Rate
($/cwt)
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Long Grain
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55.01/13.46
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6.50
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Medium/Short Grain
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61.81/8.43
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6.50
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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
| 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
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- $0.085
| November 2016
| $12.345
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- $0.085
| January 2017
| $12.345
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- $0.085
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In the News
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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.
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| Upcoming Events | Events Calendar
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| 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. |
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