Articles Tagged with ''rice''

Volatile commodity markets are allowing international agricultural trading companies to rake in big profits in shadowy financial markets even as food insecurity increases in some of the most vulnerable regions of the globe, says a new analysis from the United Nations Conference on Trade and Development that calls for regulations to rein in the excesses.

Legislation is being introduced in the House and Senate to create a task force composed of officials with USDA and the U.S. Trade Representative's Office to identify agricultural trade barriers such as India’s farm subsidies that should be challenged at the World Trade Organization.

USDA lowered its estimates for corn and soybean yields Tuesday in a move generally expected following hot and dry weather in August.

Haiti is the largest foreign market for U.S. milled long grain rice and the escalation of gang violence there is threatening the ability of the U.S. to export grain to the country. 

India says its latest ban on rice exports is an effort to fight domestic food inflation, but the U.S. rice sector says the measure will add large quantities of cheap grain to the international market and push down prices that American farmers get for their crop.

A new Agriculture Department report projects the nation’s corn producers will still be able to top 15 billion bushels of nationwide production even as stretches of the heartland face dry weather that will lower yields.