Positive expectations for first rice shipment to Mexico, but Brazilian market remains challenged

The Brazilian rice market has not changed significantly in the first days of November. In Rio Grande do Sul, the main producing state, planting for the 2024/2025 harvest is proceeding at a fast pace, with optimistic prospects. However, Safras & Mercado analyst and consultant Evandro Oliveira warns that weakened domestic demand and pressure on prices remain major challenges for the sector. As of this week, 73.07% of the area planned for rice cultivation in the 2024/2025 harvest has been planted in Rio Grande do Sul, corresponding to 692,993 hectares of the 948,356 hectares expected, according to data from the Rio Grande do Sul Rice Institute. The agility in planting reflects the optimism of producers, although the market continues to deal with price difficulties and a slowdown in domestic demand. The export scenario has shown progress. According to the latest report on shipments at Brazilian ports (Line Up), significant operations were recorded in October, with the shipment of ...