Brazil: Rice exports may rise again with high dollar
Rice
Brazil
Published May 5, 2022
Tridge summary
In February, Brazilian exports of rice (husk base) totaled 135.3 thousand tons. The volume represents an increase of about 65% compared to the same month of 2021, when foreign sales totaled 81.9 thousand tons. The calculation is from the Brazilian Rice Industry Association (Abiarroz) based on data from the Ministry of Economy.
Original content
Purchases were led by Venezuela, with imports of 53,100 t and shipments reaching US$ 40 million in the month, followed by Cuba, Peru, the United States and Cape Verde. The partner at Expoente Corretora, from Rio Grande do Sul, Guilherme Gadret, pointed out that after the 20/21 harvest, after the end of most of the restrictions linked to Covid-19, there was an increase in cereal consumption and, consequently, an increase in purchases in international markets. After that period, Brazilian rice would have been left out of shipments due to domestic price and dollar issues. “We didn't export for a period of time and, at the end of last year, in November, we returned to our presence in exports, which, in December, were already very strong”. In January and February of this year, the largest foreign sales took place within deals previously closed with a stronger dollar, but even so, gains were limited due to Mercosur sales, with Argentina, Paraguay and Uruguay practicing prices below ...
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.