The National Supply Company (Conab) will hold, next Thursday and Friday (December 5 and 6), auctions of Public put option contract (COV) for rice.
According to the president of the entity, Edegar Pretto, the operations, which have resources of around R$ 1 billion for the acquisition of up to 500 thousand tons of long fine paddy rice, types 1 and 2 of the 2024/25 harvest , they aim to diversify. Stimulate and expand cereal production in the country.
Three auctions will be held on Thursday for family farmers, for a total of 4,754 contracts of 27 tons each. Three more contests will be held on Friday, this time of a broad nature, in which all rice producers and cooperatives can participate. There will be 18,518 contracts of 27 tons each.
contracts in the states
The president of Conab details that, for Minas Gerais and Paraná, the contracts will expire on July 30, 2025.
For Rio Grande do Sul and Santa Catarina, the expiration date will be August 30 of next year. For Goiás, Maranhão, Mato Grosso do Sul, Mato Grosso and Tocantins, the contracts expire on October 30, 2025. The sales values are also established according to the terms of each expiration date.
Pretto recalls that the Sales Option Contract is a kind of price insurance that gives the rural producer or his cooperative the right, but not the obligation, to sell his product to the government, at a future date, at a previously agreed price. .
“This is another initiative of the Federal Government, which resumed the formation of public stocks last year through Federal Government Acquisitions (AGF) of corn, and this year, through AGF wheat operations,” highlights the president. of the Conab.
Rice production in the country.
The II Grain Survey of the 2024/25 Harvest, released on November 14 by Conab, highlights the growth of the area planted with rice in the country, which is expected to increase from 1.6 million hectares in 2023/24 to 1.77 million hectares currently. cycle.
Planting already covers around 77.4% of the area in the main producing regions, as published in this week’s Harvest Progress. With an estimated productivity of 6,814 kilos per hectare, production should be above 12 million tons.
Service
Rice Put Option (COV) Public Contract Auctions
Dates: Thursday, December 5 (numbers 118, 119 and 120) / Friday, December 6 (numbers 121, 122 and 123)
To access, Click here.
