Brazil: Farmers must pay attention to the shortest window to export paddy rice

Published 2024년 3월 6일

Tridge summary

The paddy rice market in Rio Grande do Sul, Brazil, has seen a 14.24% price drop in February, with some markets selling a 50-kilo bag for less than R$100.00. The 'harvest price' is expected to be established after March 20, when most of the crop will be harvested. However, smaller industries without large storage capacity are paying higher prices for quality grain. The market is expected to continue its downward trend. Additionally, due to a delay in the harvest and market conditions, Brazil's shipping window for rice is likely to be shorter, concentrated between late April and early September. This is due to increased supply from the United States and favorable harvest conditions in the Northern Hemisphere.

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

Original content

(By Cleiton Evandro, AgroDados/Planeta Arroz) The paddy rice market in Rio Grande do Sul ended the month of February with prices showing a decline of 14.24%, according to the Cepea/Irga-RS Indicator, and confirming a period of seven weeks of decline and some markets selling a 50-kilo bag of the new harvest for less than R$100.00. This had been the point of resistance for the drop in prices in recent days and still remains the minimum for “old” harvest grain, traded between R$ 105.00 and R$ 110.00 on the south coast. The expectation that a “harvest price” will be formed is for the period after March 20, when the large volume of the crop, estimated to be two-thirds, will be harvested. In Santa Catarina, prices remained between R$95.00 and R$100.00. There was some stability in Brazil's second largest producer. Let's agree that this range is still made up of good commercial values, and even better compared to other commodities. But, those who reached above the R$ 128.00 average, are ...

Source: Planetaarroz