Louisiana rice farmers can expect to see better prices this year because of demand from China and a smaller crop from Brazil, according to the LSU AgCenter.
The AgCenter quotes Milo Hamilton, a rice marketing consultant, who spoke at the National Conservation Systems Cotton and Rice Conference.
According to Hamilton, domestic rice acreage will drop in 2013 but not by much because of the expected price increase.
Meanwhile, the Brazilian rice crop is suffering from a cold, wet year, Hamilton said. Brazil may have to import rice as a result.
If that happens and China imports American rice, farmers could see an interesting spring.
The Chinese like American rice because it is cadmium-free,unlike the rice from some other exporting countries, Hamilton said.
Copyright © 2015, Capital City Press LLC • 7290 Bluebonnet Blvd., Baton Rouge, LA 70810 • All Rights Reserved