 Release No.1523.02
Program Announcement
Dann Stuart (202) 690-0474
USDA ANNOUNCES PREVAILING WORLD MARKET PRICES AND LOAN DEFICIENCY PAYMENT
RATES FOR RICE
WASHINGTON, May 7, 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) ($/cwt)
Long Grain 5.69 3.54 3.11
Medium Grain 5.12 3.25 2.90
Short Grain 5.13 3.29 2.92
Brokens 2.85 ---- ----
The prices announced today reflect the quarterly revision of the quality
adjustment factor. This adjustment did not result in any change in the levels
of the announced world prices.
This week's prevailing world market prices and MLG/LDP rates are based
on the following U.S. milling yields and the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken
(lbs/cwt) ($/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 14, 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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