Rice Exports Drop 40% in October, Says Abiarroz

Brazil’s rice exports (husked basis) totaled 122,900 tons in October, a 40% decrease compared to the same period in 2023, according to the Brazilian Rice Industry Association (Abiarroz). Revenue from these exports fell 28%, amounting to $47.1 million.

From January to October, total rice exports reached 1.52 million tons, a 26.2% decline, with revenue of $457.4 million. The FOB value dropped by 15.76%.

According to Abiarroz, rice imports in October amounted to 122,300 tons (husked basis), a 2% decline compared to October 2023. Spending on these imports reached $58.49 million, an increase of 9%.

Year-to-date, rice imports grew by about 9%, totaling 1.377 million tons, with expenditures of $624.3 million, a 39% increase.

Source: Globo Rural

Click here to read the original article: https://globorural.globo.com/agricultura/arroz/noticia/2024/11/exportacoes-de-arroz-cairam-40percent-em-outubro-aponta-abiarroz.ghtml

Sharing is caring!