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Weekly world market rice prices - USDA

Wed, 18th Sep 2019 12:51

Sept 18 (Reuters) - The U.S. Agriculture Department's Commodity Credit Corporation announced the following world market prices of milled and rough rice.

The data is 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.

Rough rice prices were unchanged for both long- and medium/short grain from the previous announcement.

The next rice report will be issued on Wednesday, Sept. 25.

               --------World Price-------   MLG/LDP Rate
                Milled Value  Rough          Rough
                ($/cwt)       ($/cwt)        ($/cwt)
  Long Grain    14.40          9.19          0.00
  Medium/Short  14.06          9.42          0.00
   Grain
  Brokens        8.69         -----          ----

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    55.55/13.69             7.00
  Medium/Short  61.11/9.51              7.00
   Grain

LINKS:

* CBOT rice futures prices

* USDA weekly rice export highlights

* USDA weekly rice crop progress

* Reuters top commodities stories (Washington commodities desk, 202 898 8318)

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