Good production and reopening of Asian exports tend to favor rice supply on the world market

The good rice production not only in Brazil, but also in other important producing countries tends to favor the supply of the grain in the international market. In Brazil, the expectation is that the 2024/25 harvest will reach 12.1 million tons, as indicated by the data released in the 3rd Grain Harvest Survey released by the National Supply Company (Conab). The recovery of Brazilian production is a consequence of a larger sown area combined with better productivity. The volume, if confirmed, is among the largest in the last seven harvests. This panorama of area and production recovery is repeated in other important producers. Paraguay and Argentina should also increase the sown area of the grain. According to data from the United States Department of Agriculture (USDA), rice production in South America could reach 18 million tons in the 2024/25 harvest, which would represent a historic production record. In India, one of the main producing countries of the crop, there is also a ...