The article reports on the anticipated increase in rice production in key countries like Brazil, Paraguay, Argentina, and India for the 2024/25 harvest, with Brazil expected to reach 12.1 million tons, part of a record 18 million tons in South America. This surge, coupled with the resumption of Asian exports, leads to a market supply boost, potentially driving prices down despite off-season demands. To mitigate the challenges for producers, Brazil's Federal Government has initiated auctions for Sale Option Contracts (COV) for grain, allowing farmers to sell their produce at a guaranteed price to the government, thereby providing them with financial security and flexibility to sell in a fluctuating market. These auctions, with a budget of R$1 billion, aim to acquire up to 500 thousand tons of long grain rice for the 2024/25 harvest at prices 20% above the minimum, ensuring farmers can still benefit from higher market prices if available.