Brazil: New cultivars and irrigation pivots will help reduce rice prices in Mato Grosso
Rice
Published Feb 24, 2024
Tridge summary
Rice prices have surged due to a decrease in cereal production in India, which accounts for over 40% of global rice exports, and a reduction in planting areas in Mato Grosso, Brazil. The latter's production was unable to meet local demand, leading to dependence on rice from Rio Grande do Sul and imports from Paraguay. However, new rice varieties adapted to the cerrado soil have been developed to increase local production. Prices are anticipated to fall around April due to the forthcoming national and Mercosur harvests.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The increase in the price of a 5 kg package of rice in supermarkets was motivated by the reduction in cereal production in India and the reduction in planting areas in Mato Grosso. The Asian country accounts for more than 40% of world rice exports and even suspended international sales of the product at the end of last year. Rice production in Mato Grosso was not enough to supply local demand, for this reason, industries in the sector benefited from the cereal produced in Rio Grande do Sul and even the product imported from Paraguay. “Rice is generally planted after new areas are opened. As we have registered little expansion in this sense, in recent years there has been a considerable reduction in production, which contributed to the increase in prices”, says the president of the State Union of Rice Industries of Mato Grosso (Sindarroz-MT), Rodrigo Mendonça. To expand local production, producers and industries in the sector, together with the Brazilian Agricultural Research ...
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