Agfax Buzz:
    April 25, 2012

    Rough Rice Prices Unchanged

    AgFax.Com - Your Online Ag News Source

    From USDA, USA Rice Federation

    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 2011 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).  Prices are unchanged from the previous announcement.

    World Price
    MLG/LDP Rate
    Milled Value ($/cwt)
    Rough ($/cwt)
    Rough ($/cwt)
    Long-Grain
     17.52
    11.28
    0.00
    Medium-/Short-Grain
      17.31
    11.68
    0.00
    Brokens
    12.40
    —-
    —-

    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
    55.09/13.13
    6.40
    Medium-/Short-Grain
    62.12/7.50
    6.46

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