Brazilian rice market continues to face adverse conditions
Rice
Brazil
Published Jun 13, 2023
Tridge summary
“The unfavorable relationship between the exchange rate and national and international prices has led many industries to consider importing rice more viable than acquiring it in the country, benefiting markets like Paraguay”, explains the SAFRAS & Mercado analyst and consultant. Evandro Oliveira.
Original content
According to data from the Foreign Trade Secretariat (Secex), foreign sales of paddy rice reached around 111.88 thousand tons in May, while exports of the processed product totaled 58.31 thousand tons in the month. Meanwhile, imports of processed rice exceeded 91.72 thousand tons in the period, while external purchases of the product in the husk reached only 2.78 thousand tons. Already according to the latest report of shipments in Brazilian ports, the line-up, around 76.4 thousand tons are scheduled for shipment in the first half of June. In the accumulated for the season, rice export records (husk base) reach 399.21 thousand tons (March/June). In 2022, the accumulated was 631.29 thousand tons. Rice producers face a delicate scenario, with difficulties in finding a balance between production costs and adequate remuneration for their sales. "Most of the trading companies remain out of the market, which contributes to the distance between the current indicators and the viable price ...
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