Participation in the rice price agreement fell to 70% in ten years in Uruguay

(By Diário Câmbio/Uy) Over the last ten years, the Uruguayan rice sector has gone through many ups and downs and changes in the industrial and commercial structure, to the point that the traditional agreement between producers and industrialists to set the production price has lost an important percentage share (around 15 percentage points), and the changes made this harvest to attract producers to it have not worked as expected. In the current harvest, it was possible to sell 20% of the rice shipped within the average price agreement, set at a spot price, published every two weeks by the industries. The intention of this spot price was to attract producers who sold their rice outside the agreement with the mills, which “did not react as well as we expected or thought,” said Juan Miguel Silva, director of the Rice Growers Association (ACA). The producer explained that this year there were certain situations in which this tool did not make the expected difference. “There was a rise ...