Rice exports in Brazil remain firm; domestic supply may remain limited

Published Mar 15, 2023

Tridge summary

In 2023, rice exports are expected to have a significant impact on the domestic market, with both high demand and decreasing supply playing a role in price dynamics. Since June 2022, monthly rice shipments have exceeded 100 thousand tons. Currently, the CEPEA/IRGA-RS Indicator price for whole grains is just below R$ 85.00 per 50 kg bag, and producers are insisting on prices in the main producing regions of Rio Grande do Sul to be no lower than export parity.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

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 ...
Source: Agroemdia

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