Gambia, Venezuela, Senegal, Sierra Leone, the United States, Cape Verde, Peru, Bolivia, Canada, and Panama led rice purchases from Brazil. Rice exporters announced 103,755 t in shipments last month, with a revenue of US $ 30.5 million. These figures were released on Friday (10) by the Brazilian Rice Industry Association (Abiarroz), which works to include China in the list of export destinations. According to Brazilian rice exporters, data from the Ministry of Development, Industry, Commerce, and Services (MDIC) show that, in February, the export volume was 129 thousand tonnes, worth US $ 37.9 million. In the first two months of 2023, Brazilian rice shipments stood at 252,588 tonnes, with US $ 78.6 million in revenue. In an equal period of 2022, Brazil exported 270,964 tonnes, with a foreign exchange surplus of US $ 82.5 million. Processed rice exports in February totaled 5,642 tonnes, worth US $ 2.6 million. Purchases of the processed cereal, which has a higher added value, were led by the US, followed by Cape Verde, Peru, Bolivia, Canada, Gambia, Panama, Bahamas, Venezuela, and Angola.
Source: Money Times