Brazilian rice scenario changes, exports on the rise and lack of product on the domestic market

A rising exchange rate scenario with the dollar above R$ 4.00 favored exports of Brazilian rice rather than imports, changing the reality of the market for this grain in the country.

According to the president of Federarroz, Alexandre Velho, expectations at the beginning of the year were for exports of around 900 thousand tons and imports close to 1.3 million tons. However, to date, 1.4 million tons have been exported and only 950 thousand imported.

Another fuel for this result was the search for new markets for Brazilian rice, such as Mexico, which is expected to purchase a large quantity of national rice, and Iraq, which has already closed some deals and is expected to import another 30 thousand tons in 2019.

Despite this new positive outlook, the area of the current rice harvest in Rio Grande do Sul should be around 5% smaller than last year, close to 940 thousand hectares, according to data collected by Irga.

Therefore, Velho warns of the possibility of a shortage of rice in the Brazilian market between the months of November and January and that prices for the final consumer should rise soon given this prospect.

 
By: Guilherme Dorigatti
Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

singapore

South Korea

United Arab Emirates

Philippines

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

Türkiye

Vietnam

Hong Kong

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Uruguay

Suriname

Venezuela

Dominican Republic

Costa Rica

Africa

South Africa

Algeria

Cameroon

Costa do Marfim

Egypt

Liberia

Morocco

Sierra Leone

Sudan

Kenya

Tunisia

Mauricio Islands

Europe

Albania

Germany

Belgium

Bulgaria

Spain

Finland

France

England

Italy

Lithuania

Poland

Portugal

Russia

Türkiye

Serbia

Sweden

Switzerland

Ukraine

Cyprus

Estonia

Ireland

Romania

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.