Brazilian Rice Growers Blast Government’s Late Action

The vice president of Brazil’s CNA (Confederação Nacional da Agricultura – National Confederation of Agriculture), Carlos Sperotto, says that the CMN’s (Conselho Monetário Nacional – National Monetary Council) resolution authorizing the postponement of installments of rice growers’ debts until 2006 comes too late.

“The postponement came too late. The producers had already repaid installments and sacrificed the crop, which was sold for less than the prices they hoped for,” he says.


Sperotto also argues that the postponement limited the funds available to pay for the costs of the coming harvest. “This reduces to a minimum the funds available to the sector.”


Last week the CMN authorized the postponement of payments due in July and August on loans to cover agricultural operating expenses.


The measure extends these payments to March and April of 2006. The Central Bank must still regulate the decision for it go into effect.


ABr

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  • Show Comments (3)

  • Guest

    question…..
    …same for soy farmers ??????????

    smile………….

  • Guest

    answer
    Most of Brazil’s rice output goes to the domestic market, and rice prices in Brazil have fallen sharply this year as supply now exceeds demand. Brazil also imports rice from Uruguay and Argentina. Brazil has never been a significant rice exporter so your talk of exchange rates is largely irrelevant.

  • Guest

    Curious……..
    When one is looking at the price of rice in the world market……the price is very high !!!

    Therefore how can you have a record crop, excellent world prices…and your farmers being in difficulty ??????

    Numbers dont add up….once again !!!!!!

    And please dont say because the US dollar is weak. It is your currency that is strong after having collapsed before ! Your currency is also strong compared to the Euro, the Japanese Yen, and other currencies !

    Please dont mix up and confuse….simple numbers !!!!!

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