News

It is false that Brazil could run out of rice and prices will rise due to illegal exports

Rice
Brazil
Regulation & Compliances
Market & Price Trends
Published Mar 2, 2024

Tridge summary

Contrary to claims of a potential rice shortage and a 400% price increase in Brazil due to exports, the Brazilian Rice Industry Association (Abiarroz) and Comprova have debunked these as false. They clarified that only about 15% of the national rice production is exported, with the country importing a similar amount. Despite a decrease in the planting area and a predicted fall in production due to El Niño rains, Abiarroz assures there is no risk of a rice shortage in Brazil this year and dismissed the possibility of a 400% price increase.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

(By Comprova: UOL, Correio Braziliense and O Dia) Contrary to what the video published on TikTok and Instagram claims, it is false that the majority of rice production in Brazil is being sold abroad and that the country may run out of supplies. When Comprova, the Brazilian Rice Industry Association (Abiarroz) stated that around 15% of national production is exported, while the country imports approximately the same amount of grain. The director of international affairs at Abiarroz highlighted a recent rise in food prices, caused by the reduction of production areas, but reinforced that a 400% increase in prices, as stated in the investigated video, will not occur. Content investigated: Video states that a large part of Brazilian rice production is being sold abroad, through illegal contracts and that the information would have been passed on by “agricultural sources”. The publication also says that Brazil could run out of grains, causing a possible increase of up to 400% in ...
Source: Planetaarroz
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