Brazil: Rice subsidized by the Federal Government already has a date to reach supermarkets

Published 2024년 5월 29일

Tridge summary

Brazil is set to receive its first shipment of rice from Thailand in 30 to 40 days, as part of the government's strategy to combat rising domestic prices caused by speculation and crop failures in Rio Grande do Sul. The rice will be tax-free and will be packaged with a maximum price of R$20 for a 5-kilo package. The government is also planning to decentralize the production of essential foods to prevent supply disruptions due to climate change or other factors. A new Harvest Plan, set to launch by the end of June, will encourage the production of key crops in all regions of the country.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The first shipment of rice imported from Thailand, aimed at controlling domestic prices, will be available in Brazilian supermarkets within 30 to 40 days. According to Carlos Fávaro, Minister of Agriculture and Livestock, this product was purchased before the recent tax reduction announced by the government, but will contribute to the strategy of reestablishing prices prior to speculation, which caused the price of rice to rise by up to 40% due to the rains in Rio Grande do Sul. The procurement of rice from abroad is disputed. State deputy Marcus Vinicius (Progressistas) maintains that the Rio Grandense do Arroz Institute (IRGA) reported that 84.2% of this harvest's production had already been harvested before the floods that affected the people of Rio Grande do Sul. Federarroz confirms this data, pointing out that, despite there being a crop failure, the planted area had increased by more than 7%, resulting in a reduction of less than 2% in total production compared to the 2023 ...

Source: Cliccamaqua