Rice farmers of the United States are looking for 2022 incentives
Rice
United States
Published Dec 18, 2021
Tridge summary
The cash market throughout most of the Delta already seems to be on Christmas break as only limited sales are being reported. Slower demand down the river has kept a lid on long-grain prices, and once again, the cash market in Louisiana, Texas, Arkansas, and Mississippi is unchanged. The market has traded sideways for nearly a month.
Original content
The cash market throughout most of the Delta already seems to be on Christmas break as only limited sales are being reported. Slower demand down the river has kept a lid on long-grain prices, and once again, the cash market in Louisiana, Texas, Arkansas, and Mississippi is unchanged. The market has traded sideways for nearly a month. While growers require more favorable prices for greater production in 2022, demand requires either higher prices out of South America or even lower prices in the Delta. US long-grain exports to Venezuela and Mexico have both suffered due Brazil overtaking some of the market. Also, in recent weeks, Brazil made a large sale to the Central America, further reducing the demand for US rice into that region. US paddy prices delivered to Central America are reported to be $20-30 per ton higher than the rice being originated in South America. Brazil is aggressively seeking to expand its presence in the western hemisphere; according to the latest USDA data, ...
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