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    February 27, 2013
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    Rough Rice Prices Increase

    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 2012 crop, which became effective today at 7:00 a.m., Eastern Time (ET).  Rough rice prices increased $0.18 per cwt for long-grain and $0.19 for medium/short grain.

    World Price
    MLG/LDP Rate
    Milled Value ($/cwt)
    Rough ($/cwt)
    Rough ($/cwt)
    Long-Grain
             18.69
    11.88
    0.00
    Medium-/Short-Grain
            18.37
    12.54
    0.00
    Brokens
    13.23
    —-
    —-

    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
    52.67/15.41
    6.26
    Medium-/Short-Grain
    62.11/8.55
    6.55

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