Brazilian rice external trades continued steadily in October, with a slight drop in imports, and growth in exports. Although the exemption from the Common External Tariff (TEC), Mercosur bloc is still the major supplier of almost all the volume purchased by Brazil. According to Secex, 146.42 thousand tons of rice (husk base) were imported in October, 4.8% lower than in September, and 36.7% higher than in October 2019. Exports, in turn, totaled 153.5 thousand tons in husk base in October, an increase of 96.4% compared to the previous month, and of 87.2% when compared to October 2019. In the domestic market, the Indicator ESALQ/SENAR-RS (58% whole grains with cash payment) dropped by 0.85% between October 30 and November 10, reaching R$ 104.28 per bag (50kg) on Tuesday 10. According to Cepea, purchasers are still unwilling to raise prices, due to the challenging transference to wholesale and retail markets.
Sources: Cepea / Noticias Agricolas
*Translated by Ia Niani