Brazilian paddy rice exports achieved their best result of the year in August. Last month, the country shipped 296,500 tonnes, a 20.3% increase compared to the 246,400 tonnes sent to the international market in the same month of 2022, as reported by the Brazilian Rice Industry Association (Abiarroz). The revenue from August exports amounted to $100.9 million, a 30% rise compared to the $77.6 million earned in the same month last year. On the other hand, shipments of processed rice in August reached 130,900 tonnes, equivalent to $40.1 million. This marked a 26% increase in volume and a 33.8% rise in revenue. These exports accounted for 44.17% of the total exports of processed rice, which has higher value-added, in the eighth month of 2023.
Source: Agronews/Datamar News