Brazil's rice exports face a drop in October

Published 2024년 11월 14일

Tridge summary

In October 2024, Brazil's rice exports saw a significant decrease compared to the previous year, with a total of 122.9 thousand tons exported, generating revenue of US$ 47.1 million. This represents a 39.7% drop in volume and a 34.5% drop in revenue compared to October 2023. The decline was especially notable in the milled rice segment, with a 53.2% decrease in volume exported. The floods in Rio Grande do Sul and India's return to the export market were highlighted as key factors contributing to the global drop in rice prices and the decrease in Brazil's rice exports.

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Original content

Brazil exported 122.9 thousand tons of rice (husk base) in October 2024, generating revenue of US$ 47.1 million, according to data released by the Brazilian Rice Industry Association (Abiarroz), based on information from the Ministry of Development, Industry, Commerce and Services (MDIC). Despite the significant volume, exports fell by 39.7% compared to the same month in 2023, when Brazil exported 203.8 thousand tons. In terms of revenue, the reduction was 34.5%, since revenue in October last year was US$ 65.6 million. In the milled rice segment, exports also declined. In October 2024, Brazil shipped 81.9 thousand tons, with revenue of US$ 26.9 million. This volume represented a 53.2% drop compared to the same period last year, while revenue fell by 48.7%. The main destinations for processed rice exports were Senegal, the Netherlands (Holland), Gambia, Sierra Leone, Peru, Saudi Arabia, Cape Verde, Trinidad and Tobago, Uruguay and Portugal. Gustavo Trevisan, director of ...

Source: Portal Do Agronegocio