Rice falls to the lowest average in 14 years

The average price of the husked rice Indicator Cepea/Irga-RS (58% whole grains; cash payment) is at its lowest real level since September/11, that is, in 14 years. This is what the surveys of the Center for Advanced Studies in Applied Economics (Cepea) indicate. According to the institute, in addition to the difficulty of access to rural credit among producers, the purchase values have not covered the costs, which discourages rice growers and reinforces the trend of reducing the cultivated area. Among buyers, the pressures on the values of wholesale and retail processed rice have limited increases in the raw material. Since October 6, with the start of the ANTT ...