In This Issue:
- U.S. Rice Market Getting Desperate for Iraq Business
- Texas Rice Educational Programs Return to In-Person Events
- Washington, D.C. Update
- Missouri Rice Research Farm: From Planting to Harvest
- USRPA Wrapped Up Facebook Campaign in Morocco with Positive Results
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U.S. Rice Market Getting Desperate for Iraq Business |
Effective U.S.-Iraq Memorandum of Understanding Needed
Rolling into the new year, the market is picking up much where it left off. Haiti remains the top destination for milled rice, with the mix of NGO to Private Importers becoming more balanced in January. Recall that the last half of 2021 was almost 100% NGO purchases after the country fell into political disarray. While this business remains steady, another buyer of milled rice needs to emerge—namely Iraq—for the industry to remain healthy. More news is expected on this topic in the coming weeks.
On the ground, prices in LA are just below $14/cwt FOB farm at $13.90, which is little changed from previous reports. In Arkansas, prices are sitting in the $14/cwt range. Texas has shown a small bump as long grain is now looking as high as $8.00/cwt over loan. Mississippi and Missouri are unchanged as well. With this crop securely in the barn and now working through the marketing year, sights are set on planting intentions with the biggest factor this year being fertilizer prices. A report published by Texas A&M University’s Agricultural and Food Policy Center shows that fertilizer costs will be as much as 80% higher for farmers going into the 2022 crop when compared to prices just one year ago in 2021, and rice farmers experience the brunt of these increases. This means that supply is a big question mark going into the year, and February will be a key indicator to ascertain initial projections for the size of the new crop.
The USDA produced their monthly WASDE report this week, and the outlook calls for smaller supplies, lower domestic use, decreased exports, and reduced ending stocks. Smaller supplies for long-grain is reduced from 202.5 million cwt in Dec down to 198.4 million cwt in Jan, a reduction of 2%. Domestic use dropped 2 million cwt, from 115 million cwt to 113 million cwt, or 1.7%. Exports were also reduced by 2 million cwt, and ending stocks by 2.1 million cwt, down to 21.4 million cwt. The projected 2021/22 all rice season-average farm price is raised for long-grain $0.10/cwt up to $13.20. The global outlook is quite similar, with smaller supplies, reduced consumption, lower stocks, with fractionally higher trade. The higher trade can be attributed to India’s fast-paced exports, China’s consumption for feedstock, and Vietnam returning to the export scene in a post-covid world.
In Asia, Thai prices held steady this week in the $412pmt range, while Viet increased slightly to $400pmt. India remains the low-cost leader at $355pmt, and doesn’t show any signs of moving off that price; three record crops and record exports give them strong momentum. Pakistan, which is also coming off a record crop, is reporting prices competitive with India, but still above at about $365pmt. In the Western Hemisphere, US Long Grain rice is quoted just over $600 pmt, while Uruguay and Argentina are in the $550pmt and $545pmt price range, respectively.
The USDA weekly Export Sales Report show net sales of 21,300 MT for 2021/2022, which was down 23% from last week and 63% from the prior 4-week average. Increases were primarily for Haiti (16,200 MT), Canada (2,300 MT), Mexico (1,100 MT), Belgium (500 MT), and New Zealand (300 MT). Exports of 17,300 MT were down 68% from the previous week and 63% from the prior 4- week average. The destinations were primarily to Haiti (7,200 MT), Mexico (5,500 MT), Canada (2,500 MT), Taiwan (1,100 MT), and Belgium (500 MT).
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Texas Rice Educational Programs Return to In-Person Events |
This year, the 71st Annual Meeting of the Texas Rice Council will be held in conjunction with the Western Rice Belt Production Conference organized by Texas A&M AgriLife Extension. The joint meeting will take place on January 19, 2022 at the El Campo Civic Center in El Campo, TX.
Registration for the conference will begin at 7:30 a.m., with the program to begin at 8:10 a.m. A catered lunch will be provided by area agribusiness sponsors. The program will conclude around 2:30 p.m.
This joint effort between the Western Rice Belt planning committee, The Texas A&M AgriLife Extension Service, the Texas Rice Council, and US Rice Producers Association will offer growers and others the opportunity to hear presentations from the professionals and leaders in the agriculture industry.
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Topics and speakers will include:
- Rice Variety Performance – presented by RiceTec, Horizon Ag, and Dynagro
- Rice Dryer Variety Data for 2022 – Corrie Bowen
- Row Rice Production – Dr. Jarrod Hardke, University of Arkansas
- Pesticide Laws and Regulations Update - Stephanie Theriot
- Carbon Credit Economics – Dr. Luis Ribera
- Farm Policy Update – Dr. George Knapek
- Conservation Programs for Working Lands – Dennis Neumann
- Rice Market Outlook - Dr. Thomas Wynn
Two CEU’s (1 L&R and 1 GEN) for TDA Pesticide Applicators will be awarded at this event. CCA hours have been applied for and will be offered pending approval. Pesticide Applicators are reminded to provide their Pesticide Applicator License number at registration.
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Farmers on the East side of Texas will be able to visit the Southeast Texas Rice Symposium on Thursday, January 20, 2022, at the Winnie-Stowell Community Building in Winnie, Texas. Registration will begin at 8:00 am and lunch will be provided.
Topics and Speakers include:
- USRPA Update - Marcela Garcia, USRPA
- Horizon Ag Varieties Update - Corey Conner, Horizon Ag
- Rice Tec Varieties Update - Derrol Grymes, RiceTec
- Volatility of Input Cost - Dr. Thomas Wynn, USRPA
- Louisiana Rice Update - Dr. Ronnie Levy, LSU
- Carbon Credit Economics - Dr. Luis Ribera, Texas A&M AgriLife Extension
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Dr. Thomas Wynn, farmer, rancher, marketing analyst, and COO of M&W Farm & Ranch in Egypt, Texas will be a featured speaker at both events.
Dr. Wynn is a board member of the Texas Rice Council and the US Rice Producers Association as well as a partner in Coastal Rice & Futures Inc. in East Bernard, Texas, where he specializes in risk management in agricultural commodity markets. He also focuses on innovation diffusion and agricultural policy in both domestic and international settings.
| For more information, you can contact your Extension service agency or contact the USRPA Office at 713-974-7423. | |
January 19, 2022
2350 N Mechanic St.
El Campo, TX 77437
Registration: 7:0 a.m.
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January 20, 2022
1301 Park Street
Winnie, TX 77665
Registration: 7:0 a.m.
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The House Agriculture Committee announced a hearing next Thursday, January 20th, to review the state of the Rural Economy with Secretary Tom Vilsack. Information may be found here.
The Senate Agriculture Committee approved the nomination of Chavonda Jacobs-Young and Margo Schlanger this week. U.S. Senator Debbie Stabenow (D-Mich.), Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, announced that the Committee voted to advance Dr. Chavonda J. Jacobs-Young to be Under Secretary of Agriculture for Research, Education, and Economics, and Margo Schlanger to be an Assistant Secretary of Agriculture. The Committee held hearings earlier on the nominations of Dr. Chavonda J. Jacobs-Young and Margo Schlanger on November 11, 2021. They now await consideration and approval by the Senate.
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Missouri Rice Research Farm: From Planting to Harvest | |
USRPA Wrapped Up Facebook Campaign in Morocco with Positive Results |
During December, our following on the USRPA Morocco Facebook fan page increased by 30% to reach a total of 6,267 fans. The engagement rate also registered a 155% increase with a total of 35,145 interactions on the page.
Here are other important insights:
- New page likes: 1,476 (+30%)
- Total reach: 262,700 (+12%)
- Total engagement (likes, comments and reactions): 39,000
- Impressions: 671,658
- Awareness score (mentions and shares): 24%
Next year, USRPA will look at innovative ways to continue to build on the broad impact of social media marketing.
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On November 24, 2021, the Indian government approved the extension of the additional free food grains scheme through March 31, 2022. With this extension, an additional 16 million metric tons (MMT) of grains will be released from government stocks.
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Grain: World Markets and Trade
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains. Covers wheat, rice and coarse grains (corn, barley, sorghum, oats and rye).
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Food and Agriculture
Regulatory and
Policy Roundup
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Cornerstone
Trade Update
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Osiriz/InterRice Report
is Now Available
Monthly report on rice world market
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Joint Western Rice Belt Conf. & Texas Rice Council Annual Meeting
El Campo Civic Center, El Campo, Texas
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Southeast Texas Rice Symposium
Winnie, TX
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25th Annual NCS Cotton & Rice Conference
Embassy Suites By Hilton Red Wolf Convention Center, Jonesboro, AR
https://www.nctd.net/
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Missouri Rice Research & Merchandising Council Annual Meeting
The Gathering @ Versity Crossing, Dexter, MO
More Details to Follow
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34th Annual Arkansas Agricultural Hall of Fame Induction Luncheon: Embassy Suites, Little Rock, Arkansas – event details and tickets (RESCHEDULED) | |
USRPA does not discriminate in its programs on the basis of race, color, national origin, gender identity, sexual orientation, religion, age, disability, political beliefs, or marital/family status. Persons who require alternative means for communication of information (such as Braille, large print, sign language interpreter or translation) should contact USRPA at 713-974-7423. | | | | |