Growth in Brazil’s rice imports generates trade deficit in the 2024/25 harvest

Published 2024년 8월 15일

Tridge summary

Brazil's rice sector experienced a trade deficit of 152.07 thousand tons of paddy rice in the 2024/25 season, a significant shift from the surplus in the previous season. This deficit was largely due to a sharp decrease in paddy rice exports, particularly to Central America and the Caribbean, where US rice is undercutting Brazilian prices. Despite this, there was growth in exports of broken and white rice. Imports of husked and white rice also increased, while imports of husked rice decreased. The future of rice exports hinges on a recovery in domestic demand and efficient flow, with expectations of higher production in Brazil and the Mercosur region due to favorable weather and water conditions.

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Original content

Brazil's rice sector faced a significant trade deficit in the 2024/25 season, according to recent data from the Ministry of Development, Industry, Commerce and Services (MDIC). The negative balance reached 152.07 thousand tons of paddy rice, a significant reversal in relation to the surplus of 99.93 thousand tons recorded in the previous season. Between March and July, exports of paddy rice totaled 549.14 thousand tons, representing a sharp drop of 37.48% compared to the 754.94 thousand tons exported in the same period of the 2023/24 harvest. This decline was even more notable in percentage terms, with a 63.6% reduction in exports, which fell from 438.17 thousand tons in the previous year to 159.71 thousand tons in the current season. According to Evandro Oliveira, consultant and analyst at Safras & Mercado, the sector is preparing for the arrival of the new harvest in the United States, one of Brazil's main competitors in rice exports, especially unhulled rice. While some ...

Source: Portal Do Agronegocio