The initial $4.00 advance remains historically high relative to current values. Riceland will monitor rough and milled rice prices over the next two months for potential additional pool payments if prices improve.
Asian rice prices have shown upward movement, and recent global events may reopen markets such as Cuba. The resolution of the Iran conflict is expected to stabilize rice trade in the region.
Riceland’s Drier Division is adjusting operations for the 2026 harvest in response to the smallest rice crop in nearly 50 years. The cooperative will open 13 drying facilities this fall, down from previous years.
Facility selections considered bushel estimates, geographic location, dump speed, carry-in inventory, and operating costs. The cooperative recognizes the impact of temporary closures on members and communities and will monitor conditions closely to adjust services if needed.
Drier managers and district managers have been contacting members to gather planting intentions to estimate crop volumes.
Riceland encourages members to sign up by June 30 to assist in planning.
The cooperative remains committed to serving its membership through these challenging times and will continue reviewing financial positions and operational needs as the harvest approaches.
