Tag Archives: exports

South Louisiana Rail Facility to build rice mill

south louisiana rail facility

The South Louisiana Rail Facility plans to develop an $11.6 million rice mill in Jefferson Davis Parish. Located at the Lacassine Industrial Park, SLRF is owned by the Jefferson Davis Parish Police Jury and can handle up to 25,000 bushels of rice per hour for storage and export. SLRF will invest $10 million to equip the new 15,000-square-foot facility, with ... Read More »

Global rice prices recede from peak, but some remain above pre-pandemic levels

export shipments

• By Ryan McGeeney • As several rice-exporting countries around the world begin to ease COVID-related export and other trade restrictions, global prices have become more competitive, falling from their peak earlier in May, according to an economic impact report from the University of Arkansas System Division of Agriculture. Alvaro Durand-Morat, research assistant professor for the Division of Agriculture and ... Read More »

Much stronger foundation

ship loading at Baton Rouge

Even with a projected acreage increase, the market appears better than 2017 as long as demand doesn’t wane. • By Kurt Guidry • The current rice market continues to show strength despite the COVID-19 pandemic and the prospects for larger acreage and larger production levels in 2020. In Louisiana, current cash offers for old crop rice have been able to ... Read More »

Tight stocks, positive market set the tone for this season

drill seeding rice near crowley

• By Kurt Guidry • The improvement in rice prices over the last half of 2019 and the start of 2020 certainly has created a great deal more optimism in the rice industry. While it likely took longer than most would have preferred, the reduction of available supplies with the smaller 2019 crop coupled with stronger export prices being seen ... Read More »

Market momentum continues as rough, milled exports remain strong

rice loading

• By Kurt Guidry • The rice market continues to slowly move up as tighter supplies and generally strong demand has helped to support higher prices. While the December 2019 World Supply and Demand Estimates report did not provide many significant changes from the previous month, the changes it did make reinforced the perceived strong market demand and tighter overall ... Read More »

Chinese rice buyers tour LSU AgCenter facility

touring LSU AgCenter greenhouse

• By Bruce Schultz • A group of seven Chinese rice buyers visited the LSU AgCenter H. Rouse Caffey Rice Research Station Dec. 12 as part of their tour through U.S. rice-growing areas. During the visit, China and the U.S. reached a preliminary trade agreement that increases Chinese purchases of a wide range of agricultural products, including rice. A Chinese ... Read More »

Strong exports help buoy the market and point to higher prices

export ship

• By Kurt Guidry • When examining the market environment for the 2019 rice crop, there are several factors that could be pointed to that would suggest the potential for stronger prices. Adverse conditions at planting, challenging growing season conditions, and lower acreage and production expectations all would suggest higher prices. But despite these supply-side signals, prices during the first ... Read More »

We’re ready to forget 2019, but there are some highlights

think rice truck

Farmers know better than anyone that not every year is going to be easy, but 2019 has certainly tried our collective patience. With heavy rain and even flooding across the country this spring, planting was delayed and almost 750,000 acres never got planted. With more than half of the U.S. rice crop exported annually, ongoing trade disputes, retaliatory tariffs and ... Read More »

U.S., Korea reach agreement on market access

rice exports

The United States and Korea have reached an agreement on market access for U.S. rice, according to a recent announcement from U.S. Agriculture Secretary Sonny Purdue. Under the agreement, which takes effect Jan. 1, 2020, Korea will provide access for 132,304 tons of U.S. rice annually, with an annual value of about $110 million. Korea also agreed to protocols to ... Read More »

USDA expects to begin 2nd round of MFP payments before Thanksgiving

ship

The U.S. Department of Agriculture is expected to begin making the second round of 2019 Market Facilitation Program payments the week before Thanksgiving to help farmers suffering from trade retaliations by foreign nations. Producers of MFP-eligible commodities will be eligible to receive 25% of the total payment expected in addition to the 50% they already have received from the 2019 ... Read More »