USDA World Market Rice Prices

May 15,2008 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      29.27        19.01       0.00
Medium Grain    28.26        19.09       0.00
Short Grain     28.23        18.99       0.00
Brokens         19.70         ----       ----

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