The Brazilian rice market ends April with higher prices, even though it has recently weakened due to the movement of the dollar against the real. Between March and April, rice export (husk base) totaled 223.23 thousand tons. According to Evandro Oliveira, an expert at SAFRAS & Mercado, the total amount was 284.56 thousand tons over the same period the year before. According to the entity, “the main destinations are Costa Rica, South Africa, Senegal, the Netherlands, and Venezuela.” In Rio Grande do Sul, the average price for a 50-kg bag of rice ended on the 27th at BRL 87.66, up 2.68% from the previous month’s same period and 23.53% from the same period in 2022.
Source: Safras&Mercado (*Translated by Ia Niani)