Trade4go Summary
In 2024, Brazil is expected to see record high domestic rice prices, which are anticipated to remain profitable throughout 2025, leading to an increase in the cultivation area. The larger domestic surplus that will result is likely to lessen the dependence on imports and enhance rice exports. Good crop conditions in major rice-producing countries, except the Philippines, are forecasted to result in a record rice production for the 2024/25 season.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Record domestic rice prices in 2024 should reflect positive profitability for the crop throughout 2025, in addition to resulting in area growth in Brazil. According to Cepea researchers, the larger domestic surplus should reduce the need for imports, as well as favor exports. Globally, crop conditions are considered good in practically all major producing ...
NoticiasAgricolas
Jan 7th, 2025
