# Greek rice growers fear Mercosur deal will price them out of business | eKathimerini.com

> Greek rice growers say the EU-Mercosur trade pact will allow 60,000 tons of duty-free rice from Brazil, Argentina and other South American members. Growers already face cheap Asian imports, and local prices have halved to 25 cents per kilo. The deal was approved by EU states and was due to be signed.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/54677-greek-rice-growers-fear-mercosur-deal-will-price-them-out-of-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Duty-free South American rice entering the EU adds supply to a market already under price pressure. The effect on world rice prices is modest because the volume is small.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-10-03 | [Asia rice-waning demand prompts Indian, Thai exporters to lower prices - The Business Times](https://feedsoft.ai/events/56650-asia-rice-waning-demand-prompts-indian-thai-exporters-to-lower-prices-the.md) | +2.5% | -0.1% |
| RICE | 2020-02-05 | [Rice exports may fall by 20 per cent this fiscal  - The HinduBusinessLine](https://feedsoft.ai/events/54540-rice-exports-may-fall-by-20-per-cent-this-fiscal-the-hindubusinessline.md) | +0.1% | -1.3% |
| RICE | 2023-09-21 | [Asia rice: India’s export curbs stall trade; prices in other hubs decline - Markets - Business Recorder](https://feedsoft.ai/events/34185-asia-rice-india-s-export-curbs-stall-trade-prices-in-other-hubs-decline-markets.md) | +1.3% | -0.6% |
| RICE | 2025-01-02 | [India to export 1 million tonne of white rice to Indonesia \| Business News](https://feedsoft.ai/events/26468-india-to-export-1-million-tonne-of-white-rice-to-indonesia-business-news.md) | +0.1% | -0.6% |
| RICE | 2024-11-07 | [‘Lifting of MEP on non-Basmati rice helps India compete globally’ - The HinduBusinessLine](https://feedsoft.ai/events/27370-lifting-of-mep-on-non-basmati-rice-helps-india-compete-globally-the.md) | +3.3% | +4.8% |

## Sources

- ekathimerini.com: https://www.ekathimerini.com/economy/1292541/greek-rice-growers-fear-mercosur-deal-will-price-them-out-of-business/

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