USA Rice Daily - 2/22/2012 Print E-mail
USA Rice Daily, Wednesday, February 22, 2012
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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.
Wednesday, February 22, 2012
MSU Scientist Receives Rice Research Award
2012 Rice Researcher of the Year Tim Walker
STONEVILLE, MS -- Tim Walker, Mississippi State University (MSU) associate research professor and agronomist at the Delta Research and Extension Center, was recently named the 2012 Rice Researcher of the Year. Walker received the honor at the 15th Annual National Conservation Systems Cotton and Rice Conference in Tunica, MS.

"We are fortunate to have Dr. Walker at the Delta Research and Extension Center," said Steve Martin, professor and head of the center. "His work supports the many farms that grow rice in the Delta region."

Walker has been essential in the development and release of two new rice varieties: Rex and Clearfield. He also evaluates soil test methods and makes recommendations for high-yielding rice and soybean crop systems.

Walker's research focus is on optimum nutrient rates and timings for newly released rice cultivars. He holds a doctoral degree in agronomy from MSU.

ContactJamel Jackson, (703) 236-1444

USA Rice Federation to Host Culinary Student Recipe Competition on March 26
TORONTO -- USA Rice Federation launched the Culinary Student Recipe Challenge last fall, which called upon Canadian culinary students to submit an original rice-based recipe.

Five semi-finalist were selected from the 39 entries.  A tasting session of those five recipes was conducted to determine the top three finalists who will now compete in the USA Rice Culinary Student Recipe Competition in Toronto on March 26.  They will prepare their recipes before a panel of food media judges and culinary professionals.  The event will be held at George Brown College in Toronto, one of Canada's premier culinary schools.

Events such as these draw the attention of both professional and aspiring chefs to the versatility of U.S.-grown rice in the foodservice industry.

ContactBill Farmer, (281) 391-1178

CCC Rough Rice Prices Decrease
WASHINGTON -- 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 2011 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices decreased $0.23 per cwt for long-grain and $0.24 per cwt for medium/short-grain.

World Price
MLG/LDP Rate
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long Grain
17.99
11.58
0.00
Medium/Short Grain
17.76
11.99
0.00
Brokens
12.73
----
----

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
55.09/13.13
6.40
Medium/Short-Grain
62.12/7.50
6.46

The next program announcement is scheduled for Feb. 29.          

CME Group/Closing Rough Rice Futures
CME Group (Preliminary):  Closing Rough Rice Futures for Feb. 22.

Month
Price
Net Change
March 2012
$13.920
+ $0.090
May 2012
$14.160

+ $0.090

July 2012
$14.435
+ $0.095
September  2012
$14.655

+ $0.075

November 2012
$14.875
+ $0.045
January 2013
$15.130
UNCH
March 2013
$15.430
UNCH
In the News
Hysteria Over Arsenic in Rice Misleading to US Public
Western Farm Press -- (USA Rice Federation mentioned)

Research and Markets: 2012 Report on the $68 Billion US Grain Farming Industry
SunHerald.com, MS -- (Rice mentioned)

After Rains, Lakes See Biggest Rise Since Drought Began
Austin American-Statesman -- (Rice mentioned)

Texas Rice Farmers Brace for LCRA's Water Decision
The River Cities Sunday Tribune, TX -- (Subscription required)

Erosion Initiative Protects 750000 Acres of US Cropland
Western Farm Press -- (Rice not mentioned)

Rice Import from India to Curtail Exports
Business Recorder, Pakistan - (blog)

How Aklan Farmer Increases Yields
Manila Bulletin, Philippines

Indonesia to Import Up to 2 Million Tons Rice in 2012
Reuters Africa

Drought-Hit Cameroon Counts the Cost of Reduced Trade
Reuters AlertNet -- (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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Associate Editor: Jamel Jackson,
(703) 236-1444
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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 © 2012. Please direct comments or questions to the editor or contact name listed for each story.