Brazilian rice exports at highest in nine years

Based on information from the Ministry of Economy, data from ABIARROZ (the Brazilian rice industry association) and SINDARROZ-RS (the rice industry in the state of Rio Grande do Sul) show that Brazil exported 1.77 million tons of rice (husk base) during the crop year ending at the end of February; this was the highest volume in nine years. The volume of imports in the period, at 1.35 million tons, was the highest in 12 years.

As a result, the segment’s trade balance closed these 12 months at 417,300 tons. Of the total shipped, processed rice represented 38.8%, broken rice, 33%, and paddy rice, 27.2%.

According to Abiarroz and Sindarroz / RS, the commercial year 2020/21 had a strong increase in exports of cereal in husk compared to the 2019/20 cycle, when the participation was 18%.

Venezuela (importing 313,000 tons) and seven other countries stood out as destinations for Brazilian rice: Senegal (225,000 tons), Peru (176,500 tons), Gambia (129,000 tons), Sierra Leone (110,000 tons), the United States ( 95,000 tons), Costa Rica (91,400 tons) and Cuba (90,000 tons).

Also according to the entities, the volume imported during the 2020/21 crop year rose 33% compared to the 2019/20 crop year. The main rice suppliers to Brazil were Paraguay, with a 47% share, Uruguay (20.1%) and Argentina (11.2%).

Source: Valor Econômico

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