Route of Rice asked Economist Patricio Mendez del Villar to analyze
USDA’s report published last March, 14th. The expert on international
markets and rice chains of West Africa, Madagascar and Latin America
will take part in Santa Fe, rice port, congress “From region to the
World” to be held at Salones del Puerto Dique II on May 4th.
US Department of Agriculture (USDA) has painted a bleak future for
Brazil’s rice industry this year, while saying that rice trade across
the globe would decline as rice production increases in top importers.
In its latest World Supply and Demand Estimates, the USDA says that
Brazil’s rice exports would more than halve to 600,000 tons in 2011-12,
down 54% from 1.3 million tons in 2010-11, mainly due to smaller
supplies. The USDA has lowered its forecast for the South American
nation’s rice exports in 2011-12 by 100,000 tons, from its February
forecast of 700,000 tons. The US agency also lowered its production
estimates for Brazil by 136,000 tons to about 7.7 million tons from its
February estimates of about 7.8 million tons, milled rice basis.
