Tag: Brazil's National Supply Company (Conab)

• Tuesday, June 11th 2024 - 19:21 UTC

  Brazil halts sizeable rice purchase amid irregularities

  

  The Brazilian administration of President Luiz Inácio Lula da Silva Tuesday canceled a tender whereby some 263,000 tons of rice were to be purchased abroad to make up for the crops lost in the flooded State of Rio Grande do Sul. The decision was made after signs of irregularities were detected in the bidding companies. Rio Grande do Sul accounts for 70% of Brazil's rice production.