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Brazil’s rice production is sufficient to maintain cereal prices in the domestic market

 Last Update: 2021-08-26
 Source: Internet
 Author: User

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anders rice

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Brazil "Brasilia Post" reported on August 10, according to the Brazilian National Geographic Bureau of Statistics (IBGE) 10 announced, in Brazil as an important food crops, rice and wheat production this year is optimistic, will help alleviate the food market prices Stress
.
Rice output this year will reach 11.
5 million tons, an increase of 4.
1% year-on-year, and wheat output will reach 8.
4 million tons, an increase of 34.
8% year-on-year
.

IBGE pointed out that based on the results of the reassessment of crop productivity, rice production is sufficient to meet the needs of the Brazilian domestic market, which will help grain prices achieve a greater balance
.
In 2020, due to the increase in domestic consumption in Brazil and the increase in exports affected by the exchange rate stimulus, cereal prices have reached historical peaks
.

Grain rice wheat prices

cereals

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