To replenish rice stocks, buyer interest rises in Brazil
Rice
Brazil
Published Jan 25, 2022
Original content
On average in Rio Grande do Sul, the main national benchmark, a 50-kilogram bag of paddy rice was quoted at an average value of R$ 62.47 on January 19, 0.64% higher compared to the same period in the year. previous month, but still 30.70% lower when compared to the same time last year. According to SAFRAS & Mercado analyst, Gabriel Viana, buyers of rice in husk were more active in the market, including raising the values offered by the cereal, due to the need to replenish stocks. “Trading agents were also interested in new negotiations for exports”, he emphasizes. On the selling side, producers remained cautious and continued to limit the number of lots for sale, awaiting better market alignment. “It is worth mentioning, however, that bark prices have remained at around R$ 62.00 per bag since November 30, 2021”, he recalls. “The little fluctuation in a relatively long period may be indicative that the values reached the minimum acceptable level by sellers”, he ponders. Rice ...
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