Brazilian rice exports peaked in October so far

Rice exports totaled 388.7 thousand tonnes in October, the highest monthly volume of the year, generating US$ 122.5 million in revenue. According to data from the Department of Foreign Trade (Secex) compiled by the Brazilian Rice Industry Association (Abiarroz), the volume shipped was nearly three times that of the same month in 2021. Revenue grew 185%.

From January to October, exports of the cereal totaled 1.68 million tonnes, generating a revenue of US$ 516.3 million. In the same period of 2021, shipments totaled 955.3 thousand tonnes (US$ 306 million).

Please find below the track record of the volume of rice (hs 1006) exported from Brazil between Jan 2019 and September 2022, according to the DataLiner business intelligence service.

Rice exports from Brazil | Jan 2019 – Sep 2022 | WTMT

Source: DataLiner (click here to request a demo)

2 million tonnes

“If we continue at the current rate, rice exports will undoubtedly reach 2 million tonnes by the end of the year,” says Gustavo Trevisan, director of international affairs at Abiarroz. However, he believes that more effort is needed to open new markets, such as Mexico, for products like processed rice.

Shipments of processed rice reached 44.4 thousand tonnes in October, with a share of 11.43% of the total volume exported by the country. In the same month of 2021, there were 66.9 thousand tonnes. Revenue fell 30.1% in the same comparative period.

In the first ten months of the year, exports of processed rice reached 448.3 thousand tonnes, or US$ 153.7 million – increases of 19.3% in volume and 1.05% in revenue.

Most important destinations

The main destinations in the year were Spain, Portugal, Saudi Arabia, the USA, Peru, Bolivia, Venezuela, Trinidad and Tobago, Angola, and Curaçao.

Imports

Last month, rice imports (paddy rice) totaled 96.1 thousand tonnes, with revenue of US$ 28.2 million. In the same month of 2021, purchases totaled 71.1 thousand tonnes, with an expense of US$ 21.8 million.

From January to October, imports reached 1.03 million tonnes, up 16.7%. Revenue spent on imports totaled US$ 294.2 million compared to US$ 281.7 million a year earlier.

Source: Valor Econômico

To read the full original article, please go to: https://valor.globo.com/agronegocios/noticia/2022/11/08/exportacoes-de-arroz-em-outubro-foram-as-maiores-do-ano.ghtml

Sharing is caring!