USDA World Market Rice Prices

Nov 29,2007 00:00 by newseditor

USDA today announced the prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment LDP) rates applicable to the 2007 crop.

            -----World Price-----      MLG/LDP Rate
             Milled Value   Rough      Rough
               ($/cwt)    ($/cwt)     ($/cwt)
Long Grain      13.76         8.96       0.00
Medium Grain    13.57         8.90       0.00
Short Grain     13.56         9.00       0.00
Brokens          9.26         ----       ----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:

            U.S. Milling Yields     Loan Rate
               Whole/Broken         ($/cwt)
                  (lbs/cwt)
Long Grain      57.54/11.29           6.59
Medium Grain    58.52/10.33           6.20
Short Grain     59.52/10.06           6.28