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Rice Prices Dip 8% in Brazil

Rice prices have seen a notable decline, dropping nearly 8% since late January 2024.

In Rio Grande do Sul, Brazil's leading rice-producing state, the price for a 50-kilogram sack fell to R$ 119.10 ($23.82).

This decrease, from January's R$ 129.20 ($25.84), still signifies a 35.2% increase from the previous year.

The adjustment follows high global prices and reduced domestic output, pushing prices to new highs.

Élcio Bento from Safras & Mercado explains the trend. With over 90% of Subscribe to our Premium Membership Plan. Already Subscribed?

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