USA Rice Daily - 5/4/2012 Print E-mail
USA Rice Daily, Friday, May 4, 201
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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.
Friday, May 4, 2012

INDUARROZ Head Visits USA Rice Federation

From left, Bob Cummings, Jeffrey Fajardo-Lopez, Betsy Ward, and Beth Park
Jeffrey Fajardo-Lopez, executive director of Induarroz, Colombia's association of rice millers, met with USA Rice Federation President and CEO Betsy Ward and USA Rice staff today to discuss implementation of the rice provisions of the U.S.-Colombia Trade Promotion Agreement (TPA), and the overall rice situation in Colombia. 

Rice is currently in short supply in Colombia, and the Colombian government recently opened a 35,000 metric ton extraordinary import quota.  This quota is restricted to rice from the Andean countries surrounding Colombia, which is disappointing to USA Rice.  However, U.S. rice will benefit from a duty-free 79,000 MT (milled rice equivalent) tariff rate quota (TRQ) once the U.S.-Colombia TPA comes into force on May 15.  Induarroz members will likely be the importers of record for this TRQ. 

All segments of the rice industries in Colombia and the United States are currently working to establish an export trading company in the United States that will manage the allocation of the TRQ.  Mr. Fajardo will speak at the upcoming June convention of the USA Rice Millers' Association about Colombia's rice sector and the prospects for rice trade between the two countries under the TPA. 

ContactBob Cummings, (703) 236-1472

2012 Whole Grains Summit Planned for May 19-22

USA Rice has joined with other grain and health organizations to sponsor the 2012 Whole Grain Summit on May 19-22 in Minneapolis.  The event brings together science, business, and health professionals from around the world to examine research and the status of whole grain foods from the science and technology perspective, as well as from the business, marketing, and regulatory standpoint.  Speakers will address strategies to allow healthier grain-based foods to more readily flow into the supply chain for easier access by the consumer.  The University of Minnesota and Grains for Health Foundation will host the event.

ContactAnne Banville, (703) 236-1465

Turkish National Media Focuses on Health Advantages of U.S. Rice

Gunes newspaper
ISTANBUL, Turkey -- As a follow up to the USA Rice Daily article in March about Turkish online media coverage of U.S. rice, in April two major daily newspapers, two major food magazines and 58 online portals featured positive U.S. rice articles and recipes with colorful photos. The articles commended U.S.-grown rice for its "outstanding nutrients, great taste, nutritional benefits and convenience." 

Turkiye newspaper
The two major newspapers "Gunes" and "Turkiye," each with a circulation of more than 400,000, and major online portals like "Hurriyet," "IHA," "Haberler" and "Son Dakika" each with 3 to 6 million readers daily, target consumers seeking news about healthy lifestyle and creative recipes.  These media sources identified USA Rice in all articles and recipes and the estimated ad value exceeded $50,000 in April.  The local U.S. rice brands appreciated USA Rice's efforts in promoting the health benefits of U.S. rice, with the aim of boosting consumption.

The U.S exported more than 74,000 MT (on a milled rice basis) to Turkey in 2011, valued at $45 million.

ContactEszter Somogyi, +49 40 4503 8667

CME Group/CBOT Rice Futures Closing
CME Group (Preliminary):  Closing Rough Rice Futures for May 4

Month
Price
Net Change
May 2012
$14.955

+ $0.020

July 2012
$15.205
+ $0.020
Sept. 2012
$15.415

+ $0.015

Nov. 2012
$15.635

+ $0.005

Jan. 2013
$15.840

+ $0.005

March 2013
$16.010
+ $0.005
May 2013
$16.175
+ $0.005

In the News


Wet Weather Leads To Growing Delays
KHSL-TV, CA -- (Rice mentioned)

Arkansas Corn, Sorghum, Rice Planting Nearly Complete
Delta Farm Press

Kraft 1Q Profit Up 1.8% as Revenue Rises But Margins Weaken
Wall Street Journal -- (Rice not mentioned, subscription required)

Imo Gov't to Partner with Thailand Experts in Rice Production
Vanguard, Nigeria

Lagos Acquires Land for Farming in Other States to Boost Local Food Production
Vanguard, Nigeria -- (Rice mentioned)

FAO: World Rice Harvest Forecast to Rise in 2012
Thai News Agency MCOT, Thailand

Japanese Rice Sales Dwindle for the First Time amid Rising Demand for Western Foods
The Telegraph, United Kingdom

Scientists Race to Save World's Rice Bowl from Climate Change
National Geographic

Rice Prices Seen Under 'Pressure' on Ample Supply, FAO Says
Bloomberg Businessweek

USA Rice Daily Weekly Index of Articles, April 30-May 3
Thursday, May 3
Ducks Unlimited Partnering with NRCS on Migratory Bird Habitat Initiative
Weekly Rice Exports Increase
CME Group/Closing Rough Rice Futures

Wednesday, May 2
USA Rice Federation Awarded Gold for Brown Rice Media Relations Campaign
CCC Rough Rice Prices Increase
CME Group/Closing Rough Rice Futures

Tuesday, May 1
Arkansas Women in Agriculture Hosts Farm Bill Panel
CME Group/CBOT Rice Futures Closing

Monday, April 30
Lower Colorado River Authority Testing Downstream Holding Reservoir
Crop Progress: Rice Planting Ahead of Five-Year Average
CME Group/CBOT Rice Futures Closing


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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.
About Us
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

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