Rice exports in Brazil remain firm; domestic supply may remain limited
Rice
Brazil
Published Mar 15, 2023
Tridge summary
This year, rice exports, which are firm, should continue to influence the cereal's domestic values. According to researchers from Cepea, domestic demand and, above all, the tendency to reduce supply in the field should also be important foundations for price behavior in the Brazilian market in 2023. Monthly rice shipments, considering the husk base product, are above 100 thousand tons since June 2022, show Secex data.
Intern market
The CEPEA/IRGA-RS Indicator, 58% of whole grains (weighted average), was close to R$ 85.00/50 kg bag in recent days. Producers are firm, demanding that the price in the main producing regions of the cereal in Rio Grande do Sul be aligned, at least, with the export parity.
Original content
This year, rice exports, which are firm, should continue to influence the cereal's domestic values. According to researchers from Cepea, domestic demand and, above all, the tendency to reduce supply in the field should also be important foundations for price behavior in the Brazilian market in 2023. Monthly rice shipments, considering the husk base product, are above 100 thousand tons since June 2022, show Secex data. Intern market The CEPEA/IRGA-RS Indicator, 58% of whole grains (weighted average), was close to R$ 85.00/50 ...
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