Rising movement in rice prices has been observed since the end of August

Paddy rice prices in Rio Grande do Sul have been rising since the end of August. According to Cepea researchers, the advance is linked to strong external demand, which favors the reduction of surpluses in the Brazilian market.

Furthermore, higher export parity increases selling interest, influencing domestic prices. Thus, from the end of August until this week, the CEPEA/IRGA-RS paddy rice indicator (58% whole grains, with cash payment) rose 12%, jumping from R$ 75/50 kg bag to R$ $85/sc of 50kg.