AreaBrazil

Commodity GroupRice

CommodityAll

Date04/07/2022

Policy CategoryProduction

Policy InstrumentMinimum support prices

DescriptionRaised minimum support prices (MSPs) for fine long-grain paddy for the 2023/24 season (2022/23 season for Brazil), to be effective between February 2023 and January 2024. For the Southern region (except Paraná), the MSP for fine long grain paddy was raised 44.5 percent above 2022/23 levels to BRL 1 309.4 (USD 248) per tonne, while for all other regions it was raised 26.0 percent above 2022/23 levels to BRL 1 310 (USD 248) per tonne. On the other hand, MSPs for long grain paddy were left unchanged at BRL 411 (USD 78) per tonne for the southern region (except Paraná), and at BRL 448 (USD 85) per tonne for all other regions.

NotesExchange rate as of 15 October 2022.