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 2017 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).
Rough rice prices are decreased $0.21 per cwt for long grain and $0.26 per cwt for medium/short grain from the previous announcement. The changes in the announced prices and rates reflect world market prices and technical changes due to the milling yield information available for the 2017 crop.
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:
The next program announcement is scheduled for February 14, 2018.