BATON ROUGE – Prices for long-grain rice, which makes up 85 percent of Louisiana's rice crop, are projected to drop this year, said LSU AgCenter economist Mike Salassi.
The price of long-grain rice was $15.40 per hundredweight in 2013, but that could decrease to $13.30 per hundredweight this year.
A 46 percent increase in rice acreage in
"Because that's such a large increase in long-grain acres, we're going to have more production, and that will push prices down," Salassi said.
Last year, nearly 2.5 million acres of rice were harvested in the
Although nationwide rice acreage has dropped, that is not the case in Southern states like
While long-grain rice prices are expected to decline, the market price of medium-grain is expected to increase. Rice acreage in
If medium-grain prices stay up and drought in the West continues, "we may see a little more medium-grain rice grown in
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