Rice price per kilo in South America ranges from US$ 0.65 to US$ 3.39

Published 2023년 6월 26일

Tridge summary

The government of Ecuador is considering importing rice to combat the recent price increase in the country. The price of rice at retail has risen from $32 to $52 recently, causing concern for consumers. Producers oppose the idea of importing rice and argue that there is enough rice already planted but that there is speculation in the industry causing the problem.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Planeta Arroz*) Ecuador is in the dilemma of whether or not to import rice due to the price increase that has seen this product highly consumed all over the world and that here has been one of the cheapest in the world, but not in the region. The government announced the importation of 30,000 tons to contain the price of the yard, which at retail rose from US$ 32 to US$ 52 in recent weeks —which raised the pound (450g) to 70 cents of a dollar and the kilo to US $1.54 — but the producers are opposed to external purchases and have filed a protection action alleging that there is rice, planted and not yet harvested, and that the problem is speculation in the industries. “The producers ask that there is no import of rice; It is acceptable as long as there is rice. But if producers can't cover the hole we have, we have to import. I wear the two shirts: the producers', but I also owe satisfaction to the citizens, who don't need or can pay more for rice,” said the governor of Guayas, ...
Source: Planetaarroz

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.