Rice exports fall 44.3% in November

According to ABIARROZ (the Brazilian rice industry association), and based on data from the Ministry of Economy, Brazilian rice exports (husk base) totaled 72,790 tons in November, down 44.3% in comparison with the same month of 2019.

Of this total, 40,270 tons went to the USA, which practically only bought broken rice (96% of the total). Other relevant importers were Venezuela (15,700 tons), Peru (10,240), and Saudi Arabia (1,940 tons).

In the current commercial year of the segment, which started in March, exports reached 1.61 million tons, compared to 982,880 in the same period of the previous cycle. In the first 11 months of this year, there were 1.76 million tons, compared to the volume of 1.2 million in the same period of 2019.

Imports, in turn, totaled 187,500 tons in November, almost three times more than the 66,400 tons a year earlier. The largest suppliers were the USA (56,070 tons), Paraguay (48,700 tons), Uruguay (46,860 tons), Argentina (16,700 tons), and India (11,700 tons).

The following graphs show the main rice-exporting ports in Brazil and the volumes handled:

Brazilian Rice Handling (HS 1006) by Port | Jan 2020- Oct 2020 | WTMT

For purchases from outside Mercosur, the government-created import quota for the 400,000 tons of cereal played a role. Also according to ABIARROZ, in the accumulated result of the commercial year, imports reached 919,330 tons, compared to 829,710 tons in the same period of 2019.

Source: Valor Econômico

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