PREVAILING WORLD PRICES AND LOAN DEFICIENCY PAYMENT RATES

Vidalina Abadam (202) 690-0734 Vidalina.Abadam@usda.gov PREVAILING WORLD PRICES AND LOAN DEFICIENCY PAYMENT RATES 1400 Independence Ave., SW Washington, DC 20250 Program Announcement WASHINGTON, July 15, 2020 -The Department of Agriculture's Commodity Credit Corporation today announced the following 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 2019 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough prices are increased $0.31 per cwt for long grain and $0.33 per cwt for medium/short grain from the previous announcement. --------World Price------- MLG/LDP Rate Milled Value Rough Rough ($/cwt) ($/cwt) ($/cwt) Long Grain 17.72 11.19 0.00 Medium/Short Grain 17.37 11.93 0.00 Brokens 11.24 ---- ---- 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 (lbs/cwt) ($/cwt) Long Grain 53.46/15.26 6.86 Medium/Short Grain 63.50/8.00 7.16 The next program announcement is scheduled for July 22, 2020.


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