In October, Brazil's rice exports saw a significant decrease compared to the same month in 2023, with a total of 122.9 thousand tons exported and revenue of US$ 47.1 million, a 39.7% drop in volume and a 34.5% drop in revenue, according to the Brazilian Rice Industry Association (Abiarroz). The main reason for this decline is the lack of competitiveness of Brazilian rice, which has become more expensive due to a raw material shortage, especially in Rio Grande do Sul state, which was hit by floods in April and May. Furthermore, the return of India to the export market has contributed to a destabilization of the global rice market, leading to falling prices.