agriculture > OPTIMISM
At a time when exchange rate lag is growing concern, the prospect of reaching a margin in the 2022/23 rice crop in Uruguay holds
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December 16, 2022 at 2:00 p.m.
Droughts in the United States, Argentina, Europe and Asia, unprecedented floods in Pakistan and the substitution of rice for soybeans and corn in Brazil create a situation that has few precedents. The World rice stock will fall by 13.6 million tons (7%) in the middle of next year. The Brazilian stock is one of the lowest in history and the price shoots up after years of stability.
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