The slowdown in rice price increases in Rio Grande do Sul remains, but the market continues to be cautious.

The price quotation for husked rice in Rio Grande do Sul continues its downward trajectory, although the intensity of the declines has decreased in recent days. According to data released by Cepea, the market remains cautious, with many sellers staying away from negotiations in the spot market, waiting for some official government intervention, such as the holding of auctions. In addition to the expectation for public measures, producers are focused on sowing the new crop. Data from the Rio Grandense Rice Institute (Irga) as of November 13 show that 86.31% of the planned area has already been cultivated, indicating that field work is entering its final stages. On the demand side, the scenario is mixed. Some buyers have been acting only to replenish stocks on a punctual basis, but others have been offering higher prices to secure supplies amid the contraction in supply. According to Cepea, this movement, although localized, may signal a slight upward pressure in the short term. ...