Uruguay sets rice price for the 2024/2025 harvest
The Association of Rice Growers (ACA) and representatives of Uruguay's rice mills have reached an important agreement. After a series of six intense meetings, both parties defined the provisional price for the 2024/2025 rice harvest. This process is fundamental to provide stability to one of the country's most relevant agricultural sectors.
The agreed price for this new stage is 10.50 dollars per bag of rice. This figure represents a decrease of 55 cents compared to the previously established provisional price. The adjustment reflects changes in international market conditions and current production costs in the region.
The ACA and the main industrial companies in the sector, such as Saman and Adeco Agro, among others, participated in the negotiations. These organizations are part of a price agreement system, a joint work model that seeks to balance the interests of field producers and processing plants.
Setting this value is key news for the Uruguayan economy, as rice is one of the country's main export products. Although the price is slightly lower than in the previous period, the agreement allows farmers to have a clear financial base to plan their activities and future investments.
Finally, this consensus demonstrates the capacity for dialogue between the different actors in the production chain. Despite economic challenges, the rice sector continues to work to maintain its competitiveness and ensure the quality of the grain that reaches both the domestic market and international consumers.