Kenya opens market for Brazilian rice
Dec, 05, 2023 Posted by Gabriel MalheirosWeek 202345
Brazil and Kenya have concluded the negotiations that culminated in the Kenyan market being opened for rice produced in Brazil. This agreement follows the phytosanitary certification submitted on November 30 to the Ministry of Agriculture and Livestock (Mapa) by the Kenyan Plant Health Inspection Service (KEPHIS).
According to the Secretariat of Trade and International Relations (SCRI/Mapa), Brazilian rice and its varieties reached $657 million in exports in 2022, accounting for 2% of the global trade in the product. The main importing markets for Brazilian rice are Mexico, Senegal, Venezuela, Costa Rica, and Gambia.
In 2022, Kenya imported $290 million worth of rice. The opening of the Kenyan market to Brazilian rice is expected to result in a $2.15 million increase in Brazilian exports, considering Kenya’s economic potential.
Last year, global rice trade amounted to $31.2 billion, with Brazil being one of the top ten exporters of the product. The opening of another market solidifies Brazil’s position in this sector, which is privileged in terms of sustainability and productivity, contributing to ensuring food and nutritional security.
This marks the 72nd agricultural market opening achieved by Brazil in 2023.
Source: Portal IN
Click here to read the original text: https://www.portalin.com.br/negocios/quenia-abre-mercado-para-arroz-brasileiro/
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