USDA World Market Rice Prices

Mar 27,2008 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.

            -----World Price-----      MLG/LDP Rate
             Milled Value   Rough      Rough
               ($/cwt)    ($/cwt)     ($/cwt)
Long Grain      18.49        12.01       0.00
Medium Grain    18.29        12.33       0.00
Short Grain     18.27        12.26       0.00
Brokens         12.44         ----       ----

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      56.53/12.52           6.57
Medium Grain    62.12/7.79            6.37
Short Grain     60.48/9.73            6.35