lawmaker calls for probe into global competitiveness of US rice producers
Published on: February 13, 2024.
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House Ways and Means Committee Requests Investigation into Global Competitiveness of U.S. Rice Industry
The House Ways and Means Committee, led by Chair Jason Smith from Missouri, has called for the International Trade Commission (ITC) to conduct an investigation into the global competitiveness of the U.S. rice industry. The committee aims to have an updated report, building on the 2015 ITC report on the subject, prepared within the next 13 months.
Updating the Report
Chair Smith emphasizes the need for a comprehensive report that reflects the significant changes that have occurred in the rice industry during the 2018-2023 period. The updated report will include the following:
- Recent developments in the rice industries of major global producers and exporters, such as Bangladesh, Brazil, China, India, Indonesia, Pakistan, Paraguay, Thailand, Uruguay, and Vietnam.
- Trade trends and developments in the global rice market, including imports and exports by the U.S. and major foreign suppliers.
- A comparison of the competitive strengths and weaknesses of rice production and exports between the U.S. and other major exporting countries. This analysis will consider factors that influence delivered cost, product differentiation, reliability of supply, and government policies impacting rice production and exporting.
- An assessment of the impact of government policies and programs, including public stockholding programs and export restrictions, on U.S. rice production, trade, prices, and food security in developing countries.
- An examination of the impact of rice exports from the aforementioned countries on the U.S. rice industry, both domestically and in traditional export markets.
By obtaining this updated information, the House Ways and Means Committee aims to gain a better understanding of the global rice industry and the competitive landscape the U.S. faces.
For more information on U.S. rice exporters, please visit hasrice.com. To explore the rice industry in Pakistan, visit pakistanrice.com. If you are interested in white broken rice, you can find more information at brokenrice.com.
Source: Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc.
