U.S. National Weekly Rice Summary

LITTLE ROCK - Mar 2/15 - SNS -- The latest weekly rice market summary for the United States was released by the USDA today.

                       National Weekly Rice Summary
                 (Arkansas-Louisiana-Texas-California)
                             Domestic Trend
   In the south, long and medium grain milled rice prices steady to weak.  Parboiled,
Second heads and Brewers steady to weak.  Rice by-products:  rice bran mostly steady,
instances 15.00-25.00 lower in Arkansas and Louisiana; millfeed mostly steady,
instances 5.00 lower in Louisiana; ground rice hulls fully steady.  Weather slowed
normal business activities in terms of logistics however current shipments seem to be
flowing.
   In California, medium grain milled rice prices mostly steady.  Second heads and
Brewers mostly steady.  Rice by-products:  rice bran prices mostly steady; rice hull
prices not full established.  Water usage and availability continues to be a heavy
topic throughout California rice country.  Depending on the water outcome, the market
could move either direction.  An agreement contract was reestablished at west coast
ports which should allow rice millers and foodservices to resume future import/export
business as normal.
   CME Rough Rice settlements for Friday Feb 27th, Mar closed .085 higher at 10.47;
May closed .09 higher at 10.745; Jly closed .085 higher at 10.985.  US dollar index
on Friday settled at 95.26.
                    Arkansas          Texas         Louisiana      California
MILLED RICE
Long grain       M 23.50-24.50     24.00-26.75        23.50           -----
Medium grain       29.25-29.50        -----           28.00      M 42.00-44.00
Short grain           -----           -----           -----            NA
Parboiled        M 25.50-27.50        31.50           32.00           -----
Second heads       18.50-21.00     18.00-22.00        18.00      M 22.00-26.00
Brewers            17.00-19.00     17.00-18.00        17.50      M 19.00-21.00
   Domestic shipment: Offers, fob mills, milled rice, spot prices, dollars per cwt,
bagged. (All milled rice grade No 2 not to exceed 4 percent broken, except
California grade No 1. All second heads grade No 4 or better, second head and
brewers are bulk.) Rough rice per cwt FOB farm for grade 2, milling 55/70.
Rice by-products (spot prices, dollars per short ton, fob mills).
Rice bran          95.00-115.00   100.00-120.00    85.00-87.50    155.00-165.00
Rice millfeed      50.00-55.00        50.00           35.00           -----
Rice hulls(ground) 10.00-15.00     10.00-15.00      7.00-10.00         NFE
Rice hulls(whole)                                                      8.00
*M = mostly.
*NFE = not fully established.
Source:  USDA Market News Service, Little Rock, AR

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