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Paddy rice prices fell in Rio Grande do Sul in early November as more grain became available in some areas and demand weakened. Producers increased sales to fund planting of the new crop, while a lack of new export purchases and cautious mill buying added pressure; domestic sales of milled rice also remained slow.
More farmer selling alongside weak export and domestic demand increases available supply and weighs on Brazilian paddy rice prices.
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.