______________________________________________________________________________ USDA Farm Service Agency 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, August 26, 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 2020 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough prices are increased $0.07 per cwt for both long grain and medium/short grain from the previous announcement. --------World Price------- MLG/LDP Rate Milled Value Rough Rough ($/cwt) ($/cwt) ($/cwt) Long Grain 16.95 10.82 0.00 Medium/Short Grain 16.64 11.20 0.00 Brokens 10.75 ---- ---- 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 54.76/14.31 7.00 Medium/Short Grain 61.12/9.55 7.00 The next program announcement is scheduled for September 2, 2020.
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