Rice and beans are cheaper in crisis
This article was translated by an automatic translation system, and was therefore not reviewed by people.
With international trade cooled down, there was a decline in rice exports, which led to the displacement of foreign sales of the product for consumption in Brazil
The global crisis has helped to make a cheaper traditional dishes on the table of the Brazilian consumer. In the last three months, prices of rice and beans recorded the three most severe price collapses in the last 12 years, thanks to an improvement in domestic supply. This is because, with international trade cooled down, there was a decline in rice exports, which led to the displacement of foreign sales of the product for consumption in Brazil. The increase in quantity supplied also helped bring down domestic prices.
Survey Special Getúlio Vargas Foundation (FGV), done at the request of the State Agency, shows that retail prices of rice and beans together accumulated fall of 25.19% in 12 months to August, the third most intense since 1997. The performance until last month not only hit the behavior relating to July this year when the price of rice and beans had accumulated decrease of 26.20% in 12 months, the strongest in 12 years, and fall until June, when deflation in the prices of two products was 25.26%, also in the cumulative 12 months.
Responsible for the survey, the FGV economist André Braz said that in addition to the displacement of exports of rice for consumption in Brazil, the Brazilian domestic market is also supplied with the production of rice from other Mercosur countries, which helps to further increase the product offering in the country, driving down prices. But the beans is not as influenced by foreign markets for rice. "The beans produced in Brazil is consumed here. Little is exported and some is imported. So, I guess that made satisfactory yields the product offering abundant and their prices fall," he said.
The sharp drop in prices of rice and beans did not occur only at retail. The Coordinator of Economic Analysis of FGV, Salomão Quadros, said that in the wholesale price of beans has fallen by 30.15% in the year to August and 41.99% in 12 months. Already the price of paddy rice accumulates negative rates of prices in the year 27.17% and 27.25% in 12 months, again by August.
For Quadros, something else they may have helped the good harvests of rice and beans this year in Brazil and consequently led to a greater supply of items in the internal market was the proper level of product prices, crops in 2007 and 2008. "As soon as they were preparing to produce, producers realized the price advantage in seasons past and took the opportunity to invest more in production of rice and beans in this year's crop - which may have led to an increase in supply," said the economist .
The best offer of items in the market has already been proven by the latest data from the Brazilian Institute of Geography and Statistics (IBGE), established for the Systematic Survey of Agricultural Production (LASP) in August. Research shows that the estimated production of paddy rice for the harvest this year is 4% higher than calculated for the product in the harvest of 2008. The IBGE also found increases in the production estimates for this year, beans 2nd harvest (4.8%) and beans 1 st harvest (2.8%) in relation to the harvest of these products last year.
Source: Gazeta do Povo
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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