 NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3633-South
Washington, D.C. 20250-0506
Release No.1741.01
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, December 4, 2001 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. World rice prices
increased today by $0.12 per cwt for long and short grain and
$0.13 per cwt for medium grain, causing corresponding decreases in
MLG/LDP rates.
---------World Price-------- MLG/LDP Rate
Milled Value Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 5.40 3.37 3.30
Medium Grain 4.79 3.02 3.07
Short Grain 4.76 3.02 3.11
Brokens 2.70 ---- ----
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 56.54/11.64 6.67
Medium Grain 56.47/11.61 6.09
Short Grain 56.52/12.14 6.13
The next price announcement is scheduled for December 11,
2001, 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
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http://www.fsa.usda.gov
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