Paddy rice prices are remaining steady due to supply restrictions and concerns about cultivation in the new season. There is low liquidity in the market, with agents preferring to trade rice stored in industrial units due to logistical difficulties caused by weather conditions. The higher exchange rate has attracted sellers to fulfill contracts at the port of Rio Grande, where offers have been more attractive recently. Brazil's rice exports in September were significantly lower compared to previous months and years, while rice imports also decreased during the same period.
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Original content
Paddy rice prices remain firm, reflecting supply restrictions and concerns about the pace of cultivation in the new season. In general, according to information from Cepea, liquidity is low, with agents preferring to negotiate rice stored in industrial units, given the logistical difficulties imposed by the weather. The higher exchange rate also attracted sellers to fulfill contracts at the port of Rio Grande (RS), where offers were more attractive in recent days. Exportation and importation According to data from Secex, 81.7 thousand tons of rice (husk basis) were exported by Brazil in Sep/23, a volume 70.8% lower than in Aug/23 and 59% ...
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