Tag Archives: rice exports

First commercial shipment of U.S. rice unloaded in China

china rice buyer

• By Peter Bachmann • The first-ever commercial shipment of U.S.-grown rice was unloaded in China Oct. 27 following more than a decade of regulatory and political effort by USA Rice to establish a two-way trading relationship with the nation. The premium, medium-grain Calrose rice was grown in California and sold by ADM Rice Inc. to a private importer under ... Read More »

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 »

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 »

COVID-19 disrupts world rice marketing

field prep

• By Peter Bachmann • The coronavirus pandemic, officially known as the “COVID-19” outbreak, has seemingly reached every corner of the globe and affected nearly every aspect of life since news of it hit the press in mid-January. International trade has been no exception to the disruptions. Cargo ships continue to chug across our oceans and barges continue to travel ... 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 »

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 »

U.S. makes first rice sale to China

u.s. rice sales to china

• By Sarah Moran • After decades chasing the enormous China market, a sale of U.S. rice was confirmed last week. “This sale marks a turning point for the U.S. rice industry and its relationship with China as the it is the first ever of U.S. rice to a private importer and is truly historic as it sets the stage ... Read More »

Texas A&M sets Eagle Lake Rice Field Day for June 25

Mo Way

The 45th annual Eagle Lake Rice Field Day is scheduled for 4 p.m., June 25, at the David R. Wintermann Rice Research Station on Farm-to-Market Road 102 just north of Eagle Lake. The field day will offer an opportunity for producers to tour the research station, making stops along the way to hear about insect management, weed management, plant nutrient ... Read More »

Wet weather, yields and demand

wet fields mississippi

Three factors influence prices and could help move rice markets from their current doldrums. • By Kurt Guidry • There has been very little positive momentum in the rice market over the past several months. Cash prices in Louisiana are still being reported in the $17 per-barrel range (roughly $10.50 per hundredweight) and have been at that level for much ... Read More »