en.Wedoany.com Reported - The Committee on Economic Development (CDE) of Brazil's Chamber of Deputies recently approved the report on Bill No. 690/2026, submitted by Deputy Rodrigo da Zaeli. The bill authorizes the temporary restriction of rice imports when market prices fall below domestic production costs. The mechanism aims to protect domestic producers from external competitive shocks and ensure food security.

The proposal, introduced by Deputy Geovania de Sá, creates a trade defense mechanism that allows for the suspension of imports in situations of market imbalance when domestic stocks are sufficient. In his report, Zaeli emphasized: "This proposal contributes to the stability of the agricultural sector," and noted that the mechanism can prevent the collapse of the production chain when prices fall below costs. He believes that protecting domestic rice production is crucial for reducing external dependence and improving market predictability.

The bill is being processed conclusively in the relevant committees and will subsequently be submitted to the Committee on Agriculture and the Committee on Constitution and Justice (CCJC) for deliberation, before final submission to the Senate. Once implemented, the mechanism will provide a fairer competitive environment for Brazil's rice industry.

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