Rice Producer Alerts

Rice Producer Update Alert
No. 3 September 5, 2006

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Following the second Rice Producer Update Alert, we have been informed that we were in error concerning the presence of the “LLR601” protein in the Clearfield 161 and 131 varieties. We want to correct that error. By issuing these alerts, USRPA strives to remain the fastest and most accurate source of information available to U.S. rice producers. Please contact us should you notice any errors or wish to provide additional information that may be of use to producers.

New Results on Affected Varieties

In a recent statement issued by LSU, researchers confirmed the presence of the LLR601 protein in the 2003 seed stock of the Cheniere variety, although the 2005 Cheniere foundation seed tested negative for the protein. Thirteen other varieties have also tested free of the protein including: CL 131, CL161, Cocodrie, Cypress, Trenasse, Pirogue, Bengal, and Jupiter. The full report can be located by directing your web browser to www.lsuagcenter.com/news. As the Clearfield varieties are so important to many farmers, we regret the error and will keep you posted as we learn more.

When It Rains It Pours – China to Share in America’s Woes in Europe

European reports indicate that 5 of 27 samples of rice products have tested positive for Chinese strains of biotech rice. Although the quantities have not yet been determined, the products have been found across several product brands located in Asian specialty stores and restaurants. These products include various noodles and rice derivatives and have reportedly induced allergic-like reactions in mice. The European Commission has responded by urging member states to intensify controls on GM foods.

Rice Futures Show Signs of Stabilizing – September Futures up $0.02/cwt

September rice settled $0.02 cents higher at $8.75 per hundredweight and November rose $0.03 cents to $9.01. Early follow-through buying from Friday and spillover from stronger overnight prices boosted the market but it was unable to hold the early gains. Speculative selling, thought to be fund liquidation, pressed the market to give up most of the advances. Commercial-related buying emerged to support the market around the $9.00 level in November.

Rough Rice Futures (RR)

Sep ’06 8.75 +$0.02
Nov ’06 9.01 +$0.03
Jan ’07 9.29 +$0.04
Mar ’07 9.58 +$0.06
May ’07 9.83 +$0.05

---------------- “If you are going through hell, keep going.” --Winston Churchill

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