Brazil grain and feed update

2013/2014 rice production is estimated at 8.3 mmt, a 3 percent increase from the
previous year. 2014/2015 production is forecast up 2 percent to 8.5 mmt on increased area. In the state
of Mato Grosso the increased area is attributed to the need to cultivate rice first when converting
degraded pastureland for other crops.
Rice Trade: 2013/2014 imports are estimated at 700,000 mt and exports at 900,000 mt, in line with
yearly trends. In August, Brazil shipped 31,500 mt of paddy rice to Turkey, despite onerous taxes and
transport costs. The rice industry sees this as success in expanding their global market share. The top
two destinations for Brazilian rice in 2014 are Venezuela and Cuba with 141,523 and 78,424 mt
respectively thus far. These two countries have constituted one third of rice exports between January
and August 2014.

Rice Consumption: Consumption remains steady with a slight upward trend due to population growth.
Average per person consumption is 41-43 kg per year and has held steady in recent years. Population
growth is expected to slightly outpace decreases in per capita consumption.