brazil Makes Rare Purchase of U.S. Rice After Tariff Exemption

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Brazil Makes Rare Purchase of U.S. Rice After Tariff Exemption

Sept. 17, 2020, 8:22 PM

Buyers in Brazil booked 30,000 metric tons of U.S. long-grain rice last week, USDA data showed on Thursday.

• That’s the first significant sale of American rice to Brazil since 2010
• Deal comes after Brazilian millers sought tariff exemption on imports due to surging domestic rice prices
• NOTE: Aug. 28, Brazil Seeks to Import U.S. Rice as Domestic Demand, Prices Jump

--With assistance from Tatiana Freitas.

To contact the reporter on this story:
Michael Hirtzer in Chicago at mhirtzer@bloomberg.net

To contact the editors responsible for this story:
David Marino at dmarino4@bloomberg.net

Isis Almeida, Joe Richter

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