USDA ANNOUNCES PREVAILING WORLD MARKET PRICES AND LOAN DEFICIENCY PAYMENT RATES FOR RICE Media Contact: Latawnya Dia (202) 720-7962

NEWS Farm Service Agency Public Affairs Staff 1400 Independence Ave SW Stop 0506, Room 3624-South Washington, D.C. 20250-0506 Program Announcement Release No.1540.02 Latawnya Dia (202) 720-7962 Latawnya_Dia@wdc.usda.gov USDA ANNOUNCES PREVAILING WORLD MARKET PRICES AND LOAN DEFICIENCY PAYMENT RATES FOR RICE WASHINGTON, May 28, 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. This week's world prices and LDP/MLG rates are unchanged from the previous announcement. ---------World Price-------- MLG/LDP Rate Milled Value Rough Rough ($/cwt) ($/cwt) ($/cwt) Long Grain 5.82 3.62 3.03 Medium Grain 5.26 3.34 2.81 Short Grain 5.27 3.38 2.83 Brokens 2.91 ---- ---- This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates: U.S. Milling Yields Loan Rate Whole/Broken (lbs/cwt) ($/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 June 4, 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. #