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Rice: Prevailing World Prices Rise

Ernst Undesser
From USDA July 12, 2017

Rice: Prevailing World Prices Rise

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 2016 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices are increased $0.11 per cwt for long grain and $0.11 for short grain from the previous announcement.

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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:

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Ernst Undesser
From USDA July 12, 2017