USDA Sets Prevailing World Rice Price

WASHINGTON - Jan 20/04 - SNS -- The USDA's Commodity Credit Corporation today announced the current prevailing market prices of wool and mohair.

These prices become effective at 12:01 a.m., Eastern Time (ET), on Wednesday, Jan. 21, 2004, and are used to determine the alternative loan repayment rates for marketing assistance loans and to determine loan deficiency payments.

Graded Wool Posted Prices (Per pound, clean basis)
      Micron              Region 1    Region 2    Region 3
      Less than 18.6      $2.92       $2.88       $2.84
      18.6 to 19.5        $2.88       $2.84       $2.80
      19.6 to 20.5        $2.70       $2.66       $2.62
      20.6 to 22.0        $2.53       $2.49       $2.45
      22.1 to 23.5        $2.36       $2.32       $2.28
      23.6 to 25.9        $2.07       $2.03       $1.99
      26.0 to 28.9        $1.33       $1.29       $1.25
      29.0 and over       $1.05       $1.01       $0.97

Ungraded Wool Posted Prices (Per pound, greasy basis)
                          Region 1    Region 2    Region 3
                          $0.18       $0.16       $0.14

Mohair Posted Price (Per pound) $2.50

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