The weekly Iberian. (New Iberia, La.) 1894-1946, 1919-09-27
The Rice Outlook.

Southern Rice Growers Associa.
tion established n basic price, ef-
fectlve Sept Is. of SO 90 per bar
rel on No. / and 2 Blue Rose rice.
The value of other varieties and
grades will be governed by the
valve of No l and 2 Blue Rose,
which will be classed by the Asso.
citation as Standard. Edith will
command the top valuation, which
will be SO 80 for No. ] and .
Early Prolific will be ciassed as
Blue Rose and will be sold on its
intrinsic milling value as com
pared with standard B'ue Rose.
Cup weight on all grades will be
considered only az il aft cts The
milling yield.
The price of American rice his
year will be governed by the law
of supply and demand AS made
effective by both foreign and dom
estIc conditions. The Aslatic crop
is decidedly short, and the Eng
Ish, French and Japanese govern
ments have placed embargoes that
prohibit or limit to small quaDtl
ties the exportatlon OF nee from
the large producing sections OF the
Orient. Ii is expected that these
embargoes will be effective until
after January first.
Saigon rice exports have been
limited hy the + ench government
to twenty thonsand tons per
month. Japan alone will require
more tban that quantity OF this
grade of rice aud Is now an active
buyer. Burma, the largest rice
producing country on the Globe
has one of the SHORTEST crops in it's
history and the British govern
ment ~ controlling The sale of
Burma rIce ard export Is prohi
tnled Burma aione Do'maliy ships
about a million tons or tweniy two
million pockets Of rice 10 Europe
annually. The islands of Cuba
and Porto REQ were haGe of rice
at the opening of be season and
must look TO this county for the
major poftion of their supply
The above fact was Civ d due
consideration IN setting d basic
price for this years crop, accord
ing to e. a. Egnns, secretary of
the Southern Rice Growers Asso
citation, who said:
"With this preponderance Of
demand over supply, no difficulty
should he encountered IN the dis
ttlbution Of OR lice. Ihe crop
cannot be marketed in sixiy m
ninety days. III the mills have
neither she financial OF pbysical
resources 10 care for the produc
ton In so short a time and the
market would become unsettled If
the planters were 10 market all OF
their rice FROM The thresher. This
would be equally true of such
cereals as wheat or corn Jndg-
mept must be used ID feeding the
market IN compllance with the de
mand and with basic price ON
rablished, marketing will proceed
in a systematic, practical mannei
much the same as last year when
The price was estab isbed by tb'
Government.
cover IA fivf-year period, fifteen
percent of the crop Of Louisiana,
Texas and Arkansas has been re
ceived by the mills during Angus
and Septembei; twenty per cenl
10 October and twenty two percen
in November We believe the
present crop can be moved OH such
basis.
aMillers are entitled to a IN
gin of p,ofir commensurate with
the Increased cost Of ~ Hing and
the larger capital r,qni ed to con
duet their business Taking thu
into account the price Of choic"
Blue Rose in the clean should
range from eleven TO eleven and
one- half cents per pound IN car
load lots f. 0. b. mill.
Mr.. Il gnus stated that 10 max
ing the basic price $40 90 per bar
rel. thorough consideration bad
been given TO both foreign and
domestic markets and the demand
for rice from foreign countries ~
such az to absorb all American
rice available for export.
As the rice farmers control the
American supply of rice the mar.
ct will be sta biIzed by maintain
ing basic price The result Will
oe the elimination of specni alton.
,oy-rs will have c0bf itence IN tie
stability OF the marker which VIII
insure normal trading WI hon' fe' r
II reduction in pfic'; aud The
growers will receive a fair ~ ce
which they must have TO ffse;
,F TrGdnnflA