Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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First counter-cyclical payment for rice equal to 35% from the projected rates
WASDE, September 22, 2004
Agriculture Secretary Ann M. Veneman announced today that first partial counter-cyclical program payment rates for 2004-crop rice, wheat, feed grains, will be announced soon after the October WASDE report that is scheduled for release on Oct. 12, 2004. By statute, 2004-crop first partial counter-cyclical payments are to be made during October to the extent practicable.

Producers are eligible for counter-cyclical payments if effective prices are less than the target prices set in the 2002 Farm Bill. For each DCP commodity, the counter-cyclical payment equals the counter-cyclical payment rate times 85 percent of the farm's base acreage times the farm's counter-cyclical payment yield. The counter-cyclical payment rate is the amount by which the target price of each DCP commodity exceeds its effective price. The effective price equals the direct payment rate plus the higher of: (1) the national average market price received by producers during the marketing year for the commodity, or (2) the national average loan rate for the commodity.

The first partial payment may be up to 35 percent of the total projected counter-cyclical payment, at the discretion of the Secretary. First partial rates will be equal to 35 percent of the total projected rates. A second partial payment may be issued in February. The final counter-cyclical payments will be determined based on USDA's final-season average market price at the end of the marketing year for each commodity.
MGR Archive 23.9.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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