USDA Announces Prevailing World Market Prices and Loan Deficiency Payments for Rice

Mark Simone

 (202) 720-5653

Mark.Simone@wdc.usda.gov

WASHINGTON, February 17, 2016-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 2015 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices are unchanged from the previous announcement.

	--------- World Price----------		MLG/LDP Rate
	Milled Value ($/cwt)	Rough ($/cwt)
Long Grain	14.66	9.40	0.00
Medium/Short Grain	14.28	9.48	0.00
Brokens	8.84	---	---

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  Whole/Broken (lbs/cwt)	Loan Rate ($/cwt)
Long Grain	56.41/12.76	6.60
Medium/Short Grain	59.91/10.45	6.45

The next program announcement is scheduled for February 24, 2016.

 https://www.fsa.usda.gov/programs-and-services/economic-and-policy-analysis/food-grains-analysis/rice-reports/2016/prfebruary172016

#