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USA Rice Daily - 02/27/13
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USA Rice Daily, Wednesday, February 27, 2013
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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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Wednesday, February 27, 2013
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Administration Investigating Export Subsidy Programs
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WASHINGTON -- The Interagency Trade Enforcement Center (ITEC), formed by the Obama administration last year, has started researching countries who utilize price support programs for their own domestic industries in excess of levels permitted by the World Trade Organization (WTO). The USA Rice Federation applauds ITEC's investigation as these practices by other countries can displace U.S. agricultural exports.
Last year, USA Rice commissioned a study to analyze the degree to which Turkey, India, Thailand and Brazil provide support to their agricultural sectors. The study, Domestic Support and WTO Obligations in Key Developing Countries, found that all four countries provide support to several different commodities, including rice, that look to be in violation of their WTO commitments. Both Thailand and Brazil support their rice sectors well in excess of WTO limits.
USA Rice welcomes increased attention by the U.S. government on our trading partners to comply with trade agreements.
Contact: Beth A. Park, (703) 236-1464
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CCC Rough Rice Prices Increased
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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 2012 crop, which became effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices increased $0.18 per cwt for long-grain and $0.19 for medium/short grain.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long-Grain
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18.69
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11.88
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0.00
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Medium-/Short-Grain
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18.37
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12.54
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0.00
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Brokens
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13.23
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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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52.67/15.41
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6.26
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Medium-/Short-Grain
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62.11/8.55
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6.55
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The next program announcement is scheduled for March 6.
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| CME Group/Closing Rough Rice Futures |
CME Group (Preliminary): Closing Rough Rice Futures for February 27
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Month
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Price
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Net Change
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March 2013
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$15.475
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- $0.005
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May 2013
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$15.770
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- $0.010
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July 2013
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$16.060
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- $0.005
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September 2013
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$15.570
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- $0.015
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November 2013
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$15.570
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+ $0.060
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January 2014
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$15.570
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March 2014
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$15.570
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+ $0.060
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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,
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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 the USA Rice Federation
Copyright © 2012. Please direct comments or questions to the editor or contact name listed for each story. |
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