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In This Issue:
- Market Update - USDA Report: Rice Stocks Down 10%, Support Higher Paddy Prices
- 48th Annual Eagle Lake Rice Field Day
- Washington, D.C. Update
- USRPA Hires New Representation in Mexico
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Market Update - USDA Report: Rice Stocks Down 10%, Support Higher Paddy Prices | |
The market continues to plod along, but this week with a shot in the arm from the USDA planted acres and rice stocks reports. As all expected, acres were down from last year, registering in this report total drop of 189,000 acres, split 70,000 acres of long grain and 106,000 acres of medium grain. This is perhaps less than some were expecting, so at this point we will keep an eye on weather to determine how much of the planted crop makes it to a healthy harvest. To that point, higher than normal temperatures in Texas are stressing the rice crop already, causing crop experts to warn of lower yields. The triple digit temps on the backs of a drought are not boding well for a strong crop at this point.
The Stocks report paints a decent picture — one that helps support the higher paddy prices that have been sustained on the ground. Total rice stocks were reported down 10% from this time last year; long grain rough down 11%, long grain milled down 5.5%. Crop Progress is right on track, except in California where cool weather during planting has all but stunted the rice plants, slowing their growth to maturity. And while Texas is experiencing dangerously high temps, cooler weather patterns in Arkansas and Louisiana bode well for harvest.
A recent GAIN report on Mexico published this week shows an increase in expected production in the region, up to 291,000 MT (rough), which is up 6.2% or 17,000 MT over USDA’s original estimate of 274,000 MT. This equates to approximately 200,000 MT of milled rice, correspondingly up from the 188,000 MT estimate. The increase is a result of increased plantings, and a higher yield projection, however local sources temper this expectation with concerns about water availability in Campeche to finish the crop.
In Asia, Thai prices dropped again, down to $410 pmt from $420 pmt las week. This is coming much more in line with the prices from three months ago before Iraq stepped in and tightened supply up a bit. Vietnam held constant at $420 pmt, as did India at $350 pmt.
The weekly USDA Export Sales report shows net sales of 17,500 MT, down 13% from last week’s dismal report, and 45% from the prior 4-week average. Exports of 45,800 MT were down 13% from the previous week and 25% from the prior 4-week average. The destinations were primarily to Haiti (15,100 MT), Japan (12,000 MT), Honduras (8,800 MT), Canada (3,400 MT), and South Korea (2,700 MT).
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48th Annual Eagle Lake Rice Field Day | |
Rice farmers gathered at the David R. Wintermann Rice Research Station this week to the annual rice field day organized by the Texas A&M AgriLife Extension Service and the Colorado County Rice Committee. The event including an evening program was sponsored by area agri-businesses including the US Rice Producers Association and the Texas Rice Council. An extensive list of Texas A&M scientists presented research developments on a range of subjects while Dr. Ted Wilson (Center Director) introduced economist George Knappe who updated the audience on the rice economy and farm policy issues. Grace Wang, Eastern Hemisphere Director for the USRPA attended along with Dwight Roberts (market & policy advisor), visited with individual farmers and scientists.
Prior to the field day, the Texas Rice Producers Board met where Josey Dishman of Beaumont was named the new President and farmers Neal Stoesser (Dayton) and Barrett Franz (Bay City) were both sworn in by the Texas Department of Agriculture as new board members for Districts 2 & 7. Congratulations to those gentlemen for their leadership on behalf of the Texas rice farming industry.
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Entomologist Dr Lina Bernaola, Assistant Professor of Rice Pest Management & Host Plant Resistance discusses insect management to farmers during the Eagle Lake field tours. Dr Bernaola replaces the popular Dr Mo Way (Emeritus Professor) who retired in 2021. Also pictured is Research Assistant Becky Pearson. | |
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Congratulations to Josey Dishman upon his election by the TRPB as the new board president. Also pictured is Vicki Rao, Administrator of the TRPB.
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Barrett Franz from Matagorda County is sworn in to represent District 7 on the TRPB. Considered a community leader, Barrett serves on numerous area boards including the Texas Rice Council. | |
Neal Stoesser from Dayton was sworn in to represent District 2. A large East Texas farmer, Neal serves on numerous boards and is a member of the South Louisiana Rail Facility in Lacassine that has had such a positive influence on East Texas rice prices for farmers. Neal also serves on both the Texas Rice Council and the USRPA board. | |
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This week, President Biden traveled to Germany to meet with global leaders at the annual Group of Seven (G7) summit. G7 leaders invited President Zelenskyy to discuss actions they can take to support Ukraine in its war against Russia. Following the meeting, President Biden issued new sanctions against Russia, including raising tariffs on Russian imports. Leaders committed to taking action to reduce dependency on Russian oil and energy. They also discussed food shortages and price hikes and made commitments to combat global food insecurity.
Domestically, Colorado, Illinois, New York, Oklahoma, and Utah held primaries in advance of November’s midterm elections. In Illinois, redistricting pitted Reps. Rodney Davis and Mary Miller against each other in the Republican primary for the 15th district. Rep. Miller defeated Rep. Davis, both of whom currently serve on the House Agriculture Committee. In New York, Antonio Delgado won the Democratic primary for lieutenant governor. He stepped down from Congress in May after being appointed lieutenant governor. While in Congress, he served as the Chair of the House Agriculture Subcommittee on the Commodity Exchanges, Energy, and Credit.
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Raul Caballero and Violeta Picazzo, USRPA's new representatives in Mexico, at the 2022 Rice Market & Technology Convention in Cancun. | |
USRPA Hires New Representation in Mexico | |
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To continue with the US Rice Producers Association promotional program in Mexico funded under the FAS/MAP budget, USRPA has recently hired Mercalimentos Consulting firm, located in Mexico City and led by Raul Caballero and Violeta Picazzo. Through their company, Raul and Violeta have represented various U.S. trade associations that promote U.S. products into Mexico and Latin America since the beginning of NAFTA, now USMCA. For over 20 years Mercalimentos Consultores has represented the US Dry Bean Council, the USA Dry Pea and Lentil Council, the National Sunflower Association, the US Popcorn Board, and the Food Export Association Midwest and Food Export Association Northeast, helping hundreds of companies facilitate business relationships.
Mercalimentos has the experience to manage FAS-USDA programs such as the MAP, FMD, EMP, GBI programs, having an excellent relationship with the FAS-USDA offices in Mexico and the majority of Latin America. In the development of this new relationship with USRPA, Mercalimentos has been given the task to develop the new Spanish logo “USA Arroz” (US Rice), as well as a new website. They also oversee the social media program management for the Facebook and Instagram pages Consume Arroz USA, with the inclusion of content development through popular local chefs in Mexico, as well as a program of posts that promote the nutrition qualities and advantages of consuming U.S. rice.
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During the month of May, Raul and Violeta had the opportunity to attend the Rice Market & Technology Convention in Cancun, to initiate connections in person with the USRPA staff and membership. They will share more about their attendance experience in their next article. US Rice Producers Association is excited to welcome Mercalimentos to the team! | |
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The US Rice Producers Association wishes you a safe and happy Independence Day!
The USRPA office will be closed Monday, July 4,
in observance of the holiday.
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USDA Reminds Producers to File Crop Acreage Reports
Agricultural producers who have not yet completed their crop acreage reports after planting should make an appointment with their local Farm Service Agency (FSA) service center before the applicable deadline. July 15 is a major deadline for most crops, but acreage reporting deadlines vary by county and by crop. Producers should make an appointment as soon as possible to avoid missing earlier deadlines.
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Food and Ag Regulatory and Policy Roundup | | |
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Mexico: Grain & Feed Update
The rice production forecast for MY 2022/23 is adjusted upward from the USDA forecast because of higher than previously projected harvested area.
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Arkansas Rice Updates
from the
Arkansas Row Crops Blog
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Texas A&M AgriLife Research Center 74th Annual Rice Field Day Tour & Program, Beaumont, Texas | | |
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RiceTec Field Day (in-person), Harrisburg, Arkansas | | |
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Missouri Rice Research & Merchandising Council Field Day,
Glennonville, Missouri
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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. |
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