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USA Rice Council Adopts Resolution Supporting
Hundredweight Standard
By Stacy Fitzgerald-Redd
USA Rice Federation
Washington, D.C. (July 16, 2007) – The
USA Rice Council this week passed a resolution encouraging all segments and
states within the U.S. rice industry to adopt hundredweight (CWT) as the
standard unit of measurement for all rice and 55/70 as the standard milling
yield used for pricing long-grain rice.
 The resolution reads: “It is time for the industry and
all states to use one language to provide clarity and understanding for
everyone from producer to miller. To that end, the USA Rice Millers’
Association, USA Rice Producers’ Group and USA Rice Merchants’ Association
have adopted this resolution. It is our hope that you will join us in
creating a more unified industry through the use of one standard.”
The case for a single, standard commercial measure for
rice is outlined in
Hundredweight in Rice: A Case for Standardization, now
posted on the USA Rice Federation web site. Supporters of the proposal to
adopt hundredweight as the single standard of commercial measure for rice
believe that the practice will help simplify references used in analysis and
forecasting of rice markets in commercial trade.
Currently, hundredweight, barrels and bushels are all
used as units of commercial measure.
The Rice Council is also recommending the standard
milling yield for long-grain rice be officially set at 55/70 (55 percent
head rice/70 percent total milled rice), the industry standard and Chicago
Board of Trade basic standard for delivery price for long-grain rice. Some
variances currently exist from state to state (and possibly from mill to
mill). Adopting an official standard will further help simplify commercial
trade within the industry.
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