Loading…
Rio Grande do Sul has finished a rice harvest above 8.5 million tonnes, driven by record yields. Weaker domestic and export demand than in 2020 means producers may sell part of their crop to animal feed industries, which are paying up to R$80 a bag against R$70-77 offered by food processors.
Diversion of Brazilian rice into feed channels adds feed-grain supply and substitutes for corn in mixes, which tends to pressure feed ingredient prices.
datamarnews.comRuth HollardJul 21, 2021Not enough comparable past events yet for a historical read.
Not 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.
