Abiarroz: rice exports grew 65% in February

Brazilian rice exports (husk base) totaled 135,300 tonnes last month, up 65% from February 2021, according to the Brazilian Rice Industry Association (Abiarroz) based on data by the Ministry of Economy. The revenue generated by these shipments went a little over US$40 million, up from US$22.7 million a year earlier.

Venezuela ranked first among buyers of Brazilian rice after purchasing 53,100 tonnes. Cuba, Peru, the United States, and Cape Verde also stood out as product buyers.

Brazilian imports, in turn, dropped 14.5% in February to 70,200 tonnes. These purchases amounted to US$ 17.2 million, an amount lower than US$ 26.2 million in February 2021.

The figures registered in the first two months of the year show that rice exports (husk base) reached 277.3 thousand tonnes and US$ 84.9 million in revenue. In the first two months of 2021, Brazil shipped 103.3 thousand tonnes, through which it pocketed US$ 32.2 million.

“The rice industry in Brazil shows a surplus of nearly US$ 60 million compared to a deficit of US$ 40 million in 2021,” says the export manager at Abiarroz, Carolina Matos.

Source: Valor Econômico

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