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Rice trading volume in Rio Grande do Sul, Brazil, remains low despite progress in sowing. Buyers are focused on selling rice rather than buying paddy, and only buy when stocks need replacing.
Producers are split, with some holding back in expectation of higher prices as the dollar rises.
Low buying interest and producer holding slow the regional paddy market. A rising dollar could support local prices if producers continue to hold back.
revistacultivar.comOct 27, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
