USA Rice Daily, Tuesday, July 5, 2011
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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
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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.
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| 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."
Contact:
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, (703) 233-1458 |
| USA Rice Holds Third Regional Cooking Competition in Turkey |
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TV cameras record the competition.
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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.
Contact:
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, 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.
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Rice Headed, Selected States
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| Week Ending |
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State
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July 3, 2011
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June 26, 2011
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July 3, 2010
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2006-2010 average
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Percent
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Arkansas
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2
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1
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7
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2
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California
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--
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--
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--
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--
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Louisiana
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52
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37
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42
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36
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Mississippi
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4
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2
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16
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6
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Missouri
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--
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--
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2
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1
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Texas
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22
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21
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18
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41
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Six States
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10
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7
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12
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9
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Rice Condition, Selected States:
Week Ending July 3, 2011
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State
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Very Poor
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Poor
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Fair
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Good |
Excellent
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Percent
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Arkansas
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5
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11
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36
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38 |
10
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California
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--
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--
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10
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20
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70
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Louisiana
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4
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5
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26
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46
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19
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Mississippi
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--
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2
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35
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51
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12
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Missouri
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3
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6
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25
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44
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22
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Texas
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--
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--
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50
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40
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10
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Six States
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3
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7
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30
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38
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22
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Previous Week
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2
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7
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30
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38
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23
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--
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5
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23
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51
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21
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| CME Group/CBOT Rice Futures Closing |
CME Group (Preliminary): Closing Rough Rice Futures for July 5
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Month
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Price
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Net Change
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July 2011
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$14.385
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+ $0.395
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Sept. 2011
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$15.29
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+ $0.38
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Nov. 2011
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$15.61
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+ $0.39
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Jan. 2012
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$15.91
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+ $0.37 |
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March 2012
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$16.225
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+ $0.405
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May 2012
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$16.475
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+ $0.405
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July 2012
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$16.575
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+ $0.405
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| Mission Statement |
| 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. |
| About Us |
Editor: Stacy Fitzgerald-Redd, (703) 236-1458,
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Associate Editor: Rob Yunich, (703) 236-1444,
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Fax (703) 236-2301
4301 North Fairfax Dr.
Suite 425, Arlington, VA 22203-1616.
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. |
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