Paddy rice production in Brazil should total 10.621 million tons in the 2022/23 season, 3% below the 10.977 million estimated for 2021/22. The forecast is part of the Brazilian supply and demand assessment published by the consultancy Safras & Mercado. Safras expects exports of 1.850 million tonnes in the 2023/24 market year and 1.316 million tonnes in 2022/23, representing an increase of 41% between one season and another. Imports were forecast at 1.186 million tonnes, compared to 928 thousand tonnes in 2022/23. Safras projects total demand at 12.650 million tonnes in the 2023/24 marketing year, up 3% year-on-year. As a result, final stocks are expected to fall by 74%, from 1.133 million to 290 thousand tonnes in the 2023/24 marketing year.
Sources: Canal Rural/Datamar News