Duty-Free Brazilian Rice Imports Could Benefit US Exporters, USDA Says
Brazil temporarily removed tariffs on all imports of paddy rice, husked/brown rice and milled rice, USDA’s Foreign Agricultural Service said in a report last week. The duty suspension, meant to prevent “potential supply issues” and replenish Brazilian rice stocks following…
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recent floods, is effective from May 21 until Dec. 31, USDA said. The agency said this could “stimulate” American rice exporters to focus on Brazil, pointing to a similar situation in 2020 when Brazil introduced duty-free imports and the U.S. became the top exporter behind the Mercosur countries in Latin America.