Harvest: We now completed the harvest of all plots, dried and stored our production in our silos. Over 9,200 tonnes of paddy rice have been produced during this campaign, and meaning a year-on year  improvement in production results as as our average yield was above 7 t/ha (dry).

Sales: We have started to sell and deliver some of our production (limited quantity). However, local prices are depressed as most of Paraguayan rice production final market is Brazil, currently again affected by political tensions with the Lula’s case which translated in depreciation of the Brazilian Real against USD (reference currency for Paraguayan rice price).

Thanks to our silo facilities, we can continue to store our production and waiting for better market prices.