News Releases and other News Material/Number 01194/0009

by United States Department of Agriculture

Release No. 0009.94
Gene Rosera (202) 720-6734
Charles Hobbs (202) 720-4026

USDA ANNOUNCES PREVAILING WORLD MARKET RICE PRICES, MARKETING CERTIFICATE RATES

WASHINGTON, Jan. 4--Under Secretary of Agriculture Eugene Moos today announced the prevailing world market prices of milled rice, loan rate basis, as follows:

	--long grain whole kernels:	11.77 cents per pound
	--medium grain whole kernels:	11.05 cents per pound
	--short grain whole kernels:	10.97 cents per pound
	--broken kernels:	05.88 cents per pound

Based upon these milled rice world market prices, loan deficiency payment rates, gains from repaying price support loans at the world market price, and marketing certificate rates are zero.

These announced prices are effective today at 3 p.m. EST. The next scheduled price announcement will be made Jan. 11 at 3 p.m. EST.

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