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Brazil Rice Imports & Exports Surprise in the Month of April
Friday, 21 May 2010 14:52

Report from Tiago Barata of Agrotendencias, Porto Alegre, Brasil
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According to figures released by Brazil’s Ministry of Development, Industry and Trade, Brazilian rice imports and exports were characterized by a surprising behavior in April, this year. 

In spite of the falling competitiveness of Brazilian rice by virtue of the continued devaluation of the cereal in the international market, the unfavorable position of Brazil’s currency against the dollar and the crop frustration, in excess of one million tons, sales abroad soared 258% compared to the 9,917 (paddy rice basis) exported in the previous month, reaching a volume of 35,515 tons.  The other surprise is the low volume of rice imports by Brazil.  --- to read Tiago’s full report, view the attchments below.

Last Updated ( Friday, 21 May 2010 16:31 )