# Rice paddy prices in Brazil surge – Rice Today

> Average paddy prices in Rio Grande do Sul, Brazil's main rice state, rose 17% month on month to $276 per tonne as of August 17, and are up 74% year on year. Low 2019-20 paddy production drove the increase, although 2020 output is forecast to rise 6.6% to 11.2 million tonnes.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/51703-rice-paddy-prices-in-brazil-surge-rice-today
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Paddy production remains below 2016-18 levels, which supports Brazilian and regional rice prices. The rise is still measured against a short crop and only a modest forecast recovery.

## Read by commodity

- RICE: bullish ▲

## Sources

- ricetoday.irri.org: https://ricetoday.irri.org/rice-paddy-prices-in-brazil-surges/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.