Rice exports drop almost 50% in May, says Abiarroz

Paddy rice exports from Brazil reached 103.3 thousand tonnes in May this year, marking a 47.7% decrease compared to the same period in 2023 when they totaled 197.5 thousand tons. This information was released on Thursday (June 20) by the Brazilian Rice Industry Association (Abiarroz).

In terms of revenue, the volume shipped in May amounted to US$41.8 million, reflecting a 38.6% decline from the previous year’s figure of US$68.1 million.

The data, sourced from the Secretariat of Foreign Trade (Secex) under the Ministry of Development, Industry, Commerce, and Services (MDIC), underscores the downturn in export performance.

The chart below shows the export volume of rice from Brazil, measured in tonnes, between January 2021 and April 2024. The data comes from DataLiner.

Rice Export Volume | Jan 2021 – Abr 2024 | WTMT

Source: DataLiner (click here to request a demo)

Processed Rice

Brazil exported 50.7 thousand tonnes of processed rice last month, generating revenues of US$21.4 million. This represents a 40.8% decrease in volume and a 19.5% drop in revenue compared to May 2023.

The primary destinations for Brazilian processed rice included Senegal, Peru, the United States, Cape Verde, Guatemala, Costa Rica, Panama, Cuba, Trinidad and Tobago, and Belgium.

Imports

In May, Brazil imported 144.6 thousand tonnes of rice, spending US$64.8 million. This marks an 11.4% increase in volume and a 46.9% rise in value compared to the same month in 2023.

Source: Globo Rural

Click here to read the original news report: https://globorural.globo.com/agricultura/arroz/noticia/2024/06/exportacoes-de-arroz-caem-quase-50percent-em-maio-aponta-abiarroz.ghtml

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