The U.S. International Trade Commission (USITC) is undertaking a new factfinding investigation that will examine recent trends and developments in the global rice market and the export competitiveness of the rice industries in the United States and other major producers, such as Bangladesh, Brazil, China, India, Indonesia, Pakistan, Paraguay, Thailand, Uruguay, and Vietnam.
This investigation, Rice: Global Competitiveness and Impacts on Trade and the U.S. Industry (Investigation No. 332-603), was requested by the U.S. House of Representatives Committee on Ways and Means in a letter received on February 5, 2024.
As requested, the USITC, an independent, nonpartisan federal agency, will prepare a public report that will provide, to the extent practicable:
Information on recent developments in the rice industries of the countries listed above;
Information on recent trade trends and developments in the global market for rice, including U.S. and major foreign supplier imports and exports;
A comparison of the competitive strengths and weaknesses of rice production in and exports from the United States and other major exporting countries, focusing on factors affecting delivered cost, product differentiation, and reliability of supply, as well as government policies and programs that directly or indirectly affect price, production, and exporting in these countries;
A qualitative and, to the extent possible, quantitative assessment of the impact of government policies and programs, including public stockholding programs and export restrictions, of major producing and exporting countries on U.S. rice production, producer revenues and profits, consumption, trade and prices, as well as on food security in developing countries; and
An overview of the impact on the U.S. rice industry of exports from the highlighted countries of rice to the United States and to traditional export markets of the United States. Read More→
https://www.usitc.gov/press_room/news_release/2024/er0301_64912.htm