USDA ANNOUNCES PREVAILING WORLD MARKET PRICES AND LOAN DEFICIENCY PAYMENT RATES FOR RICE :
WASHINGTON, March 1, 2005-The Department of Agriculture's Commodity Credit Corporation today announced the prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2004 crop, which will become effective today at 3:00 p.m., Eastern Time (ET). Rough rice prices decreased $0.13 per cwt for long and medium grain, and $0.12 for short grain. MLG/LDP rates increased by corresponding amounts.
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