Abiarroz: Brazil exports 123 thousand tons of rice in October

Published 2024년 11월 14일

Tridge summary

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.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil exported 122.9 thousand tons of rice (husk base) in October, with revenue of US$ 47.1 million, according to the Brazilian Rice Industry Association (Abiarroz), based on figures from the Development, Industry, Commerce and Services (MDIC). The volume exported last month fell 39.7% compared to the same month in 2023, when shipments totaled 203.8 thousand tons. In terms of revenue, the drop was 34.5% compared to the same period (in October 2023, revenue from foreign sales was US$ 65.6 million). Shipments of processed rice abroad in October totaled 81.9 thousand tons, with foreign exchange of US$ 26.9 million. In terms of volume, the drop was 53.2% and in terms of revenue, US$ 48.7%. The main destinations for processed rice exports last month were Senegal, the Netherlands (Holland), Gambia, Sierra Leone, Peru, Saudi Arabia, Cape Verde, Trinidad and Tobago, Uruguay and Portugal. Gustavo Trevisan, Director of International Affairs at Abiarroz, points to the floods that occurred ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.