Brazil: Rice prices in Rio Grande do Sul continue to rise due to restricted supply

With increasingly limited stocks, prices remain firm, reaching up to R$115.00 per bag for noble rice, with more than 64% whole grains and special payment conditions. Analyst Evandro Oliveira highlights that this increase in prices is a reflection of the smaller harvest and with lower quality than initially expected, estimating losses of approximately half a million tons. Industries are adjusting prices and must present new replacement tables. In retail, despite a momentary relief on the shelves, white rice, Type 1, is being sold between R$ 23.00 and R$ 28.00 per 5 kilo package for commercial brands, while the noble varieties already exceed R$ $30.00. In Mercosur, pressure persists, with Paraguay having already sold a large part of the harvest and producers awaiting better conditions to return to the market. With the dollar above R$5.20, imports become less attractive, increasing the prices of imported rice and providing some relief for the ...