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USA Rice Daily - 10/11/11
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USA Rice Daily,Tuesday, October 11, 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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Tuesday, October 11, 2011
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| FECARROZ Meeting Results in Collaborative Approach to Resolving Quality Issues |
SAN JOSE, Costa Rica -- U.S. government officials, rice industry members, USA Rice Federation and US Rice Producers Association staff met last week with representatives of the Federation of the Central American Rice Industry (FECARROZ) to discuss concerns associated with U.S. paddy rice shipments to Central America. The participants agreed to establish a working group of eight members, four from each side to address quality concerns. The U.S. rice industry representatives will include The Rice Company, ADM Rice, Bunge and Russell Marine. FECARROZ will be represented by one producer and three millers from Central America.
The working group is expected to meet in Houston during the FECARROZ Board meetings, December 14-16, to evaluate proposed changes and improvements to trade.
FECARROZ requested regular updates on developments emanating from USA Rice Federation's Marketability and Competitiveness Task Force, since some of the issues being addressed could directly affect Central American millers.
The overall outcome of the meeting was viewed as productive and quite positive by the U.S. attendees.
Contact: Jim Guinn, (703) 980-7624
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| USA Rice Kicks Off Rice "Market Storms" |
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USA Rice brand ambassadors talk to consumers about the product.
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ACCRA, Ghana -- USA Rice Federation recently began promoting U.S.-grown rice in several "market storms" - intense, promotional open markets for rice.
Trained brand ambassadors educate rice retailers and consumers on the wholesomeness, high quality and nutritional values of U.S. rice. Retailers are also encouraged to stock U.S. rice.
Partnering with Jazz Jasmine Rice, USA Rice distributes small sample packs of rice to retailers and consumers. The feedback elicited from the markets notes that Jazz Jasmine is fresher and has a better taste and aroma than other varieties.
Yaw Agyare, managing director of Supreme Rice, the company that imports the Jazz brand, is very excited about the activity and has committed to extend the market storms to other cities.
Ten market storms will be conducted in Accra during this two-week campaign.
Contact: Hartwig Schmidt, 011-49-40-4503-8661
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| Crop Progress: Rice Harvest 74 Percent Complete |
WASHINGTON -- The U.S. rice crop is 74 percent harvested, according to the U.S. Department of Agriculture's (USDA) Crop Progress report issued today.
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Rice Harvested, Selected States
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| Week Ending |
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State
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Oct. 9, 2010
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Oct. 2, 2011
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Oct. 9, 2011
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2006-2010 average
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Percent
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AR
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94
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65
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77
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81
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CA
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19
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20
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22
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52
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LA
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99
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99
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100
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98
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MS
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98
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76
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90
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84
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MO
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99
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57
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69
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78
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Texas
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100
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100
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100
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100
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Six States
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84
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65
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74
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80
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These six states planted nearly 100 percent of last year's rice acreage.
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| CME Group/CBOT Rice Futures Closing |
CME Group (Preliminary): Closing Rough Rice Futures for Oct. 11
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Month
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Price
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Net Change
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Nov. 2011
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$15.980
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+ $0.465
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Jan. 2012
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$16.295
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+ $0.475
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March 2012
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$16.605
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+ $0.480
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May 2012
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$16.860
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+ $0.455
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July 2012
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$17.110
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+ $0.440
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Sept. 2012
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$16.500
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+ $0.130
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Nov. 2012
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$16.670
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UNCH
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Events Calendar
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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
Associate Editor: Jamel Jackson, (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 © 2010. Please direct comments or questions to the editor or contact name listed for each story. |
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