Brazil: Rio Grande do Sul floods and India factor reduce rice exports by 40%

Brazil exported 39.7% less rice (husk base) in October this year compared to the same period in 2023. Thus, 122.9 thousand tons of the cereal were shipped, 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). Last year, sales totaled 203.8 thousand tons, with revenue of 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 volume, the decline was 53.2% and in 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. The director of International Affairs at Abiarroz, Gustavo Trevisan, points to the floods that occurred in Rio Grande do Sul (the main producing state in the country) as the main cause of the drop in rice ...