USDA predicts record rice harvest in Paraguay

For the 2024/2025 marketing year, the USDA estimates that Paraguay would produce 1.28 million tons, one million tons of raw production and 860,000 tons of milled base. In the previous harvest, the international organization estimated a volume of 1,045,000 tons. The report explains that the very good yields, high prices and low ending stocks in the 2023/2024 campaign will probably encourage farmers to plant more rice. The planned area is between 205,000 and 208,000 hectares, of which 203,000 hectares could be reached in the harvest, since part of the area is normally lost. “Rice plantations are expected to add 10,000 hectares of new land to production, in addition to the fact that many farmers who can expand part of the planted area are likely to do so,” the USDA report adds. The report from private advisors indicates that Paraguay has the lowest production costs in the region and they do not expect a significant change in this campaign. At the export level, 760,000 tons are ...