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June 2000 Edition
Global Rough Rice Market
Robust Despite Brazil's Falling Demand
The volume of rough rice entering world trade channels has grown three-fold over the past decade, although it comprises only about three percent of the total rice trade. The United States is the largest supplier, with Argentina and Uruguay the only other significant exporters. Asian suppliers and the markets they primarily service, do not trade this unprocessed type of rice. Mexico is nearly always the largest buyer. In 1998, Brazil temporarily overtook Mexico, due to production shortfalls, by importing over 40 percent of the world's rough rice exports. But, in 2000, Brazil is projected to import significantly less than in prior years with production projected to be large and the government, in April, instituted an embargo on all rice imports. When that embargo is lifted, Argentina and Uruguay will capture virtually all of the market benefiting from proximity and zero Mercosur tariffs. With Brazil looking to Argentina and Uruguay for imports, the U.S. focus has shifted to the growing Mexican market where the U.S. benefits from proximity and favorable NAFTA tariffs. However, because Brazil's rice market is erratic, Argentina and Uruguay have begun to seek out new markets like Mexico (see above) and it is likely they will enter more U.S. markets in the future.
All Grain Summary Tables: Foreign Countries and US Data
Foreign Countries' Policies and Programs
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
General Footnotes for Grain Tables
Grain and Feed
Contact List
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