U.S. agency will study world rice market

The U.S. International Trade Commission has launched an investigation to examine global rice trade.

The investigation, Rice: Global Competitiveness of the U.S. Industry, was requested by the House Committee on Ways and Means. The commission will deliver the report to the Committee by April 14.

As requested, the commission, an independent, nonpartisan, fact-finding federal agency, will report on factors of competition in major rice producing and exporting countries, including Brazil, China, India, Indonesia, Thailand, Uruguay, and Vietnam, plus the United States.

The commission said it would examine costs of production, industry structure, input prices and availability, pricing and marketing regimes, and government policies that affect rice production and export in the selected countries.

As requested, the commission said it will also perform a qualitative, and to the extent possible, quantitative assessment of the impact of government policies and programs in the highlighted countries on rice production, exports, consumption, and domestic and export prices.

The commission will hold a public hearing in connection with the investigation Sept. 10.

The commission also welcomes written submissions for the record.

Further information on the scope of this investigation and appropriate submissions is available in the commission’s notice of investigation, dated June 17, which can be obtained from the Internet site (www.usitc.gov).

General fact-finding investigations, such as this one, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representative, the House Committee on Ways and Means or the Senate Committee on Finance. The resulting reports convey the commission’s objective findings and independent analyses on the subjects investigated, it said.  General fact-finding investigation reports are usually released to the public unless they are classified by the requester for national security reasons.

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