USA Rice Daily - 07/05/11 Print E-mail
USA Rice Daily, Tuesday, July 5, 2011
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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
Tuesday, July 5, 2011
BayerCropScience Agrees to Settle with Rice Farmers over Liberty Link 601 Contamination
Bayer CropScience announced in a press release on July 2 it reached a settlement agreement with attorneys representing U.S. long-grain rice farmers in the Liberty Link 601 biotech rice event and will pay up to $750 million to resolve claims submitted by growers.

News of the settlement began to appear in media reports on Friday, July 1 and USA Rice Federation has issued the following statement:

"USA Rice Federation is pleased Bayer CropScience has reportedly offered a settlement to long-grain rice farmers affected by the unintentional release of Bayer's Liberty Link 601 genetically engineered rice into the commercial long-grain rice supply.

Beginning at the onset of the event in August 2006, USA Rice Federation led the rice industry's effort to address the issue by communicating the threat, collaborating with all segments of the industry to find a solution, advocating on behalf of rice farmers adversely affected, and working with foreign trade and government officials to re-open markets closed as a result of the incident.  In addition, it led the voluntary implementation of the rice industry's Seed Plan, which has been successful in virtually eliminating the trait from the commercial long-grain rice supply.

In support of rice farmers affected by the crisis, USA Rice also testified in several trials and filed "Friend of the Court" briefs detailing the relevant federal statue and regulations which are designed to protect U.S. agriculture from the unapproved release of experimental genetically engineered crops.

The settlement offer provides an opportunity for Bayer to compensate the thousands of rice farmers who suffered significant financial losses because of the Liberty Link event."

ContactThis e-mail address is being protected from spambots. You need JavaScript enabled to view it , (703) 233-1458
USA Rice Holds Third Regional Cooking Competition in Turkey
TV cameras record the competition.

TV cameras record the competition.

ISTANBUL, Turkey -- USA Rice Federation and the popular Turkish kitchen tool brand, Hisar, hosted the third annual U.S.-grown rice cooking contest at the Istanbul Marriott Hotel last week.

Six contestants created a "regional pilaf" using U.S.-grown rice.  More than 930 recipes were submitted through the contest Web site, which had more than 21,000 visitors.

The first prize went to Nese Bolu of Istanbul for her recipe, Mahmudiyeli Pilaf with Honey.

A group of Turkish celebrities, gourmet specialists and other television personalities served as judges.  Two television stations and major food magazines attended the event, which is expected to receive extensive media and Web coverage.

USA Rice sponsors such events to increase awareness and usage of U.S.-grown rice throughout the country.

ContactThis e-mail address is being protected from spambots. You need JavaScript enabled to view it , 011-49-40-4503-8661
Crop Progress: Rice Crop is 10 Percent Headed
WASHINGTON -- The percentage of rice headed in the six rice states is 10 percent, 1 percentage point ahead of the five-year average, according to the U.S. Department of Agriculture's Crop Progress Report issued today.  Ninety percent of California's crop is in good-to-excellent condition.

Rice Headed, Selected States
Week Ending
State
July 3, 2011
June 26, 2011
July 3, 2010
2006-2010 average
Percent
Arkansas
2
1
7
2
California
--
--
--
--
Louisiana
52
37
42
36
Mississippi
4
2
16
6
Missouri
--
--
2
1
Texas
22
21
18
41
Six States
10
7
12
9

Rice Condition, Selected States:
Week Ending July 3, 2011
State
Very Poor
Poor
Fair
Good
Excellent
Percent
Arkansas
5
11
36
38
10
California
--
--
10
20
70
Louisiana
4
5
26
46
19
Mississippi
--
2
35
51
12
Missouri
3
6
25
44
22
Texas
--
--
50
40
10
Six States
3
7
30
38
22
Previous Week
2
7
30
38
23
Previous Year
--
5
23
51
21
CME Group/CBOT Rice Futures Closing
CME Group (Preliminary): Closing Rough Rice Futures for July 5

Month
Price
Net Change
July 2011
$14.385
+ $0.395
Sept. 2011
$15.29

+ $0.38

Nov. 2011
$15.61

+ $0.39

Jan. 2012
$15.91
+ $0.37
March 2012
$16.225
+ $0.405
May 2012
$16.475
+ $0.405
July 2012
$16.575
+ $0.405
In the News
La. Rice Farmers Show Kellogg, Walmart How They Do It
Media Newswire -- (USA Rice Federation mentioned)

Fighting for Rice Research Funding
AgFax -- (USA Rice Federation mentioned)

Bayer AG Settles US Biotech Rice Cases for $750 Million
Fox Business -- (USA Rice Federation mentioned)

USA Rice Federation Statement on the Reported Bayer Cropscience Settlement Offer to Long-Grain Rice Farmers for LL601 Event
SeedQuest

GM Rice Case Reportedly Settled for $750 Million
Western Farm Press

Scientists Use Weather to Track Rice Diseases
Sunbelt AgNet

Kellogg, Wal-Mart Tour Louisiana Rice Fields
Delta Farm Press

2011 Weather Perplexing to Louisiana Farmers and to Rice Crop, Specialist Says
Delta Farm Press -- (Video)

India Grain Prices Favor Exports
The Economic Times, India

Rice Traders Await Clarity on PT Policy
Bangkok Post, Thailand

Rice Exports Likely to Reach Seven Million Tonnes in 2011
VOV News, Vietnam

Mekong Delta's Post-Harvest Rice Losses Hit $635m
Viet Nam News

India Farm Ministry Won't Push for Grain Exports
The Wall Street Journal -- (Subscription required, rice mentioned)
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USA Rice Federation 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.
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Editor: Stacy Fitzgerald-Redd, (703) 236-1458,
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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 the USA Rice Federation

Copyright © 2011. Please direct comments or questions to the editor or contact name listed for each story.