 NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3624-South
Washington, D.C. 20250-0506
Release No. 1425.04
Program Announcement
Jillene Johnson (202) 720-9733
jillene_johnson@wdc.usda.gov
USDA ANNOUNCES PREVAILING WORLD MARKET PRICES
AND LOAN DEFICIENCY PAYMENT RATES FOR RICE
WASHINGTON, Jan. 28, 2004 -- 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 2003
crop, which will become effective today at 3:00 p.m.,
Eastern Time (ET). Prices are unchanged from the previous
announcement.
------World Price----- MLG/LDP Rate
Milled Value Rough Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 6.69 4.17 2.47
Medium Grain 6.28 3.95 2.14
Short Grain 6.29 4.01 2.17
Brokens 3.35 ----- -----
This week's prevailing world market prices and
MLG/LDP rates are based on the following U.S. milling
yields and the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken
(lbs/cwt) ($/cwt)
Long Grain 56.38/11.98 6.64
Medium Grain 56.41/12.21 6.09
Short Grain 57.92/11.03 6.18
The next price announcement is scheduled for Feb. 3,
2004, at 3:00 p.m., ET. Further program information is
available from Tom Tice, (202) 720-2891, e-mail address
tom_tice@wdc.usda.gov
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Note: The Farm Service Agency's (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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