Agfax Buzz:
    May 14, 2012
    150px_2004-rice-mature-head-1

    Congress Members Request Detailed Information on Brazil’s Rice Exports

    AgFax.Com - Your Online Ag News Source

    By Bob Cummings, USA Rice Federation

    U.S. Rep. Bill Cassidy (R-LA) last week led a bipartisan group of rice-state Representatives in a letter to U.S. Trade Representative Ron Kirk and U.S. Department of Agriculture Secretary Tom Vilsack that expresses concerns and seeks specific responses about Brazil’s use of a government sponsored domestic marketing and pricing initiative for rice exports.  The Program for Product Flow (PEP) gives an unfair advantage to Brazil’s rice exports, the letter says.

    The PEP Program provides a subsidy to a buyer of paddy, or harvested, rice that equals the difference between a set support price and the prevailing market price.  The subsidy is provided on the condition that a buyer moves the rice to specific regions within Brazil or to an export destination.  In 2010-2011, Brazil’s rice industry harvested and exported a rice crop that was 17 and 25 percent greater, respectively, than the the previous year. During that period, Brazil expanded its rice exports to the United States and in countries where the United States competes commercially, such as Haiti, Nicaragua and Nigeria.




    “Making the export of rice a condition for receiving price support is an export subsidy and we understand that Brazil has a ‘zero binding,’ in WTO terms, for rice export subsidies,” the letter says. “In other words, Brazil cannot use export subsidies for rice without breaking its WTO obligations.”

    The Representatives ask Kirk and Vilsack to identify specific actions the U.S. government has taken with regard to Brazil’s 2010-2011 rice exports and an explanation about the use of the PEP Program during the same period.


    Tags: , ,

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Rice News

    Arkansas: Rains Damage Crops, Slow Harvest – USDA10-20

    Missouri: Corn Harvest Over Half Finished, Cotton at 30% – USDA10-20

    Herbicide Resistant Weed Summit’s Slides, Webcast Available Online10-20

    Louisiana: Soybean Harvested Wraps Up – USDA10-20

    California: Cotton, Rice Harvests Speed Along – USDA10-20

    Rice and Sugar: Thailand’s Quest for World Domination10-20

    Keith Good: Lawsuits Concerning GMO Corn Mount Against Syngenta AG10-20

    Rice Market: Sideways Movement Continues10-17

    Rice Crop: Delta Region Saw Harvest Delays with Storms10-17

    AFB Rice Close: Futures Recover from Early Losses10-17

    Mississippi: Harsh Oct. 13 Storm Should Not Hurt Yields10-17

    U.S. Energy: Narrowing Brent-WTI Spread Impacts Global Crude Markets10-17

    Gasoline Prices: Show 9-Cent Decline10-17

    Propane Stocks: Rise by 0.7M Barrels10-17

    Diesel Prices: Average Decreases 4 Cents10-17

    Keith Good: Bumper Grain Crops Create Harvest, Storage Issues10-17

    Arkansas Agriculture Secretary Calhoun Retiring10-16

    Global Ag: Ebola Hits West Africa Hard – DTN10-16

    U.S. Drought Outlook: Improvements for Southwest, Southern CA10-16

    Rice Outlook: U.S. Production Projection Raised to 220.7M Cwt10-16

    Resistant Weeds: USDA Accelerates the Fight — DTN10-16

    Keith Good: Beige Book — Observations on Ag Economy10-16

    Keith Good: Fed Cattle Prices Headed for Another Record — Economist10-16

    AFB Rice Close: Reverses Direction and Ends Lower10-15

    Keith Good: World Rice Production to Dip; China May Boost Corn Imports10-15

    AFB Rice Close: November Continues Higher10-14

    Corn Harvest Reaches 24%, Soybeans at 40, Cotton 22 — DTN10-14

    DTN Fertilizer Trends: Prices Show Little Movement10-14

    Payment Level Indicators for ARC-CO, PLC Based on October WASDE Data10-14

    Arkansas Rice: Preliminary Trial Yield Data Available10-14

    Keith Good: Railroad Mergers…What Does History Tell Us?10-14

    AFB Rice Close: Nov. Charts Bullish Key Reversal10-13