Rice/Cepea: Indicator remains firm in Brazil

Paddy rice prices remain firm, reflecting supply restrictions and concerns about the pace of cultivation in the new season. In general, according to information from Cepea, liquidity is low, with agents preferring to negotiate rice stored in industrial units, given the logistical difficulties imposed by the weather. The higher exchange rate also attracted sellers to fulfill contracts at the port of Rio Grande (RS), where offers were more attractive in recent days. EXPORT AND IMPORT - According to data from Secex, 81.7 thousand tons of rice (husk basis) were exported by Brazil in Sep/23, a volume 70.8% lower than in Aug/23 ...