USA Rice Daily, Monday, May 7, 2012
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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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| USA Rice Federation Attends The Rice Trader's 6th Annual Rice Trader Americas Conference |
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 MIAMI -- USA Rice Federation staff last week attended The Rice Trader's sixth annual Rice Trader Americas Conference. The event examined rice markets and the trade outlook in the Americas. Topics ranged from "Sustainable Rice Production and the Impact of Climate Change" to "The Future of Rice Production in the Americas."
The United States Department of Agriculture's Mike Dwyer provided analysis on the global financial markets and how agriculture worldwide is an excellent long-term investment. The Rice Trader's President/CEO Jeremy Zwinger said economic "high prices follow low prices", noting that the current decline in rice production should lead to higher rice prices in the future. Dr. John Leeper, from The RiceCo, won the TRT Rice Americas annual award for his work in research and development of new product concepts in rice crop protection. The Rice Trader will hold its annual World Rice conference in Bali, Indonesia in September.
Contact: Sarah Winnan, (703) 236-1457
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| In Memoriam: Kathryn Jumonville Creed |
HOUSTON, TX -- USA Rice Federation extends condolences to the family and friends of Kathryn Jumonville Creed, who passed away this past weekend. Mrs. Creed was the daughter of Felix Joseph Jumonville, past president of the USA Rice Millers' Association, the wife of John Creed, former general sales manager of Blue Ribbon Rice Mills and founder of Creed Rice Company, and mother of Mark and Michael Creed of Creed Rice and RiceOnline.com.
Visitation will be held on Wednesday, May 9, from 5-7 pm at the George H. Lewis and Sons funeral home, 1010 Bering Drive, Houston, Tex. The funeral will be Thursday at 1 pm at St. John Vianney Catholic Church, 625 Nottingham Oaks Trail, Houston, Tex.
Contact: Stacy Fitzgerald-Redd, (703) 236-1458
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| Crop Progress: Sixty-Seven Percent of Crop Emerged, Sixty-Five Percent in Good-to Excellent Condition |
WASHINGTON -- Today's U.S. Department of Agriculture Crop Progress Report details that 67 percent of this year's rice crop has emerged - 21 percentage points ahead of the five-year average. Sixty-five percent of the crop is reported in good-to-excellent condition.
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Rice Planted, Selected States
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| Week Ending |
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State
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May 6, 2011
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April 29, 2012
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May 6, 2012
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2007-2011 average
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Percent
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Arkansas
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51
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92
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97
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70
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California
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12
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2
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10
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37
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Louisiana
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95
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91
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93
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92
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Mississippi
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75
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95
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98
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78
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Missouri
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14
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92
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99
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55
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Texas
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93
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89
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93
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93
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Six States
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52
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72
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77
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68
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Rice Emerged, Selected States
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| Week Ending |
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State
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May 6, 2011
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April 29, 2012
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May 6, 2012
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2007-2011 average
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Percent
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Arkansas
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40
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78
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86
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47
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California
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0
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0
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0
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7
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Louisiana
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90
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80
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85
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83
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Mississippi
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63
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77
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89
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59
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Missouri
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9
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57
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81
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30
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Texas
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79
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76
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84
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80
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Six States
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42
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60
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67
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46
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| CME Group/CBOT Rice Futures Closing |
CME Group (Preliminary): Closing Rough Rice Futures for May 7
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Month
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Price
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Net Change
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May 2012
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$14.965
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+ $0.010
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July 2012
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$15.215
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+ $0.010
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Sept. 2012
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$15.445
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+ $0.030
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Nov. 2012
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$15.665
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+ $0.030
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Jan. 2013
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$15.870
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+ $0.030
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March 2013
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$16.040
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+ $0.030
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May 2013
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$16.205
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+ $0.030
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| In the News |
Farm Bill Pits South Against Midwest
Atlanta Journal Constitution, GA -- (Rice mentioned)
People in Business
The Daily Advertiser, LA -- (Rice mentioned)
Rice is Nice
Daily Herald, UT
Mississippi Producer Making Sure Every Drop of Water Counts
Delta Farm Press -- (Rice not mentioned)
Flooded Farmers Still Doing it Tough
ABC Online, Australia -- (Rice mentioned)
Brazil Paddy Rice Prices Climb; Output to Remain Low in Brazil, Uruguay and Argentina
Oryza, Brazil
How Normal Monsoon Could Impact Agriculture, Inflation, Income and Storage
Times of India, India -- (Rice mentioned)
Thai Rice Prices Jump as Government Intervention Continues
Business Recorder, Pakistan -- (blog)
Lower International Rice Purchases Seen in 2012
Business Mirror, Philippines
Inflation Drops to Single Digits
Daily Star Online, Philippines -- (Rice mentioned)
Rice Crop Gains in Africa, Asia but Prices High
Voice of America
India to Export More Rice
Wall Street Journal -- (Subscription required)
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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: Jamel Jackson, (703) 236-1444,
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Fax (703) 236-2301
USA Rice Federation
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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