May exported rice volume is the highest in the last 17 months

Published 2020년 6월 11일

Tridge summary

In May, Brazil experienced a notable surge in rice exports, with a 73% increase compared to April, reaching 253.2 thousand tons, the highest in the past 17 months. This growth was also evident when compared to May of the previous year, which saw exports of 139.3 thousand tons. The country's total cereal exports also rose significantly. The main buyers of Brazilian rice in May included Venezuela, Montenegro, Turkey, Costa Rica, Peru, Cuba, and South Africa. The surge in exports is attributed to the competitive pricing due to the appreciated exchange rate and the high demand resulting from the COVID-19 pandemic. In the first quarter of the commercial year, Brazil's rice exports totaled 483.2 thousand tons, while imports were 244 thousand tons, resulting in a surplus of 239 thousand tons, which is over 56.6 thousand tons more than the same period last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian rice exports grew significantly in May this year. 253.2 thousand tons (husk base) were shipped, an increase of 73% in relation to April, when they totaled 146.5 thousand tons, according to the Brazilian Association of the Rice Industry (Abiarroz) and the Union of the Rice Industry in the State Rio Grande do Sul (Sindarroz-RS). The volume shipped in May was the highest in the last 17 months. Also according to Abiarroz and Sindarroz-RS, based on data from the Ministry of Economy's Foreign Trade Secretariat, cereal shipments also grew significantly last month compared to May 2019, when the volume sold to the market international was 139.3 thousand t. In May this year, the country imported 55.8 thousand tons. As a result, the sector's surplus in volume was 197.4 thousand tons. The main buyers of Brazilian rice last month were Venezuela, Montenegro, Turkey, Costa Rica, Peru, Cuba and South Africa. According to the executive director of Sindarroz-RS, Tiago Sarmento Barata, ...
Source: Agroemdia

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.