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Thursday, March 23, 2023

Rice producers access preferential rates from the BROU to buy machinery

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The BROU, the ACA and the Machinery Corporation came together in an agreement to help one of the sectors that is on the rise and that suffered less from the drought.

Members of the Bank of the Eastern Republic of Uruguayof the Rice Growers Association and machinery corporation signed an agreement to facilitate access to preferential rates to buy new or used New Holland brand machinery.

Within the framework of the inauguration of the rice harvest in Rivera, where the president, Luis Lacalle Pouand the vice president Beatriz Argimonauthorities referring to the rice sector signed an agreement that will favor producers to access new machinery for their productive activities.

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Among the authorities related to the rice production sector were Salvador Ferrer, president of the Banco de la República Oriental del Uruguay (BROU), together with Max Sapolinskisecond vice president and director Pablo Sitjar. Ramon Erro, general director of Corporación de Maquinaria y alfredo lakepresident of the Rice Growers Association (ACA), accompanied by the secretary Leonardo Olivera.

Within the framework of a sector that is growing and that the drought did not affect it as much as other sectors, they decided to support it through an agreement that allows rice producers to access preferential BROU rates to buy new or used machinery. Of the brand New Holland.

The sector that did not suffer the drought

The first rice yields exceed 9,000 kilos per hectarefor the third consecutive harvest, and production for the 2022-23 harvest will exceed 1.4 million tons, according to MGAP estimates. This is one of the few good news that the agricultural sector can give in the midst of the desperate situation that most crops are going through.

Rice has managed to survive thanks to the fact that, as long as there is water for risk, high temperatures and light are favorable for it. But Mattos also highlighted the enormous effort of rice producers to produce the 159,700 hectares planted between the departments of Artigas, Salto, Tacuarembó, Rivera, Cerro Largo, Thirty and three, lavalleja and rock; even with the loss of 2% of the area due to lack of water.

Rice will be one of the few crops to reap good results, improved productivity and higher prices, mainly due to demand for Brazil, according to the head of the MGAP.

Source: Ambito

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