By Karah Janevicius
USA Rice
To stabilize prices and move excess rice stocks, Brazil’ s Ministry of Agriculture has announced a plan to restore its Premium for Product Flow (PEP) and Equalizer Premium Paid to the Producer (PEPRO) programs.
The National Supply Company (CONAB), a public company under the Ministry of Agriculture, announced the allocation of nearly $57 million USD to support prices and the flow of production, of which nearly $20 million will go directly to administering PEP and PEPRO with the remaining going towards government acquisitions of approximately 600 thousand metric tons of rice.