Agriculture Minister Tereza Cristina said on Thursday (29) that the “slight drop” in the price of rice is due to the government’s decision to zero the import rates, predicting an even greater drop in January. The minister explained that, before the coronavirus pandemic outbreak, the price of rice had been “very low” in recent years, and that the government was operating to recover the product by opening up the markets. According to Cristina, some factors such as the fact that there was no entry of the product from Paraguay, the increase in consumption during the pandemic, and the emergency aid, all this had an influence on the price of rice. “Now we are going to have the new rice crop in January and then prices will fell” she said.
Source: Reuters
*Translated by Ia Niani