 NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3624-South
Washington, D.C. 20250-0506
Release No.1518.02
Program Announcement
Dann Stuart (202) 690-0474
dan_stuart@wdc.usda.gov
USDA ANNOUNCES PREVAILING WORLD MARKET PRICES AND LOAN
DEFICIENCY PAYMENT RATES FOR RICE
WASHINGTON, Apr. 30, 2002 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, which will become effective
today at 3:00 p.m. Prices are unchanged from the previous
announcement.
---------World Price-------- MLG/LDP Rate
Milled Value Rough Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 5.69 3.54 3.11
Medium Grain 5.12 3.25 2.90
Short Grain 5.13 3.29 2.92
Brokens 2.85 ---- ----
This week's prevailing world market prices and MLG/LDP
rates are based on the following U.S. milling yields and the
corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken
(lbs/cwt) ($/cwt)
Long Grain 56.54/11.29 6.65
Medium Grain 57.17/11.35 6.15
Short Grain 58.38/10.38 6.21
The next price announcement is scheduled for May 7,
2002, at 3:00 P.M. eastern time.
Further program information is available from Tom
Tice, (202) 720-2891,E-mail address Tom_Tice@wdc.usda.gov.
Note: Farm Service Agency (FSA) news releases and media
advisories are available on the World wide Web at FSA's Home
Page: http://www.fsa.usda.gov.
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