The Thai Rice Exporters Association has recently stated that the price of Thai rice is $30 to $130 USD per ton higher than its international competitors due to low supply and the strengthening of the Thai baht, so it may harm exports.
According to information from the Thai Customs Agency, Thailand exported 2,111,606 tons of rice, worth ฿43.046 billion Bt ($1.387 billion USD), down 32.1 percent and 15.7 percent respectively in the first four months. In the same period of the previous year, ฿51,069 billion Bt ($1.615 billion USD) was worth 3.112.118 tons.
In April alone, 643,852 tons of rice, worth ฿14,550 billion Bt, increased by 23.7 percent and 32.7 percent compared to March this year, due to increasing demands from the United States (23.7%), African and Asian countries (32.7%) due to the uncertainty following the Covid-19 outbreak.
Thailand exported 160,142 tons of jasmine rice and 243,341 tons of white rice to Angola, Cameroon, Japan, the Philippines and Benin, respectively, increasing by 20.9 percent and 5.5 percent.
Meanwhile, Thailand exported 118,399 tons of boiled rice, with an annual increase of 46.0 percent, mostly to South Africa, Yemen and Benin.
Association officials reported that demand from rice importing countries slowed down, expecting rice exports to drop to about 500,000 tons in May, and Vietnam, India and Pakistan rivals returned to the market.
In addition, it was stated that the price of Thai rice remained higher than competitors due to limited supply and strengthening of the Thai baht.
It is stated that the price of white rice in Thailand is $501 USD per ton and that is $30 to $130 USD per ton higher than the price of competitors.
According to information from the Thai Customs Agency, Thailand exported 2,111,606 tons of rice, worth ฿43.046 billion Bt ($1.387 billion USD), down 32.1 percent and 15.7 percent respectively in the first four months. In the same period of the previous year, ฿51,069 billion Bt ($1.615 billion USD) was worth 3.112.118 tons.
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| Image credit: Lali Masriera on Flickr (CC BY 2.0) |
Thailand exported 160,142 tons of jasmine rice and 243,341 tons of white rice to Angola, Cameroon, Japan, the Philippines and Benin, respectively, increasing by 20.9 percent and 5.5 percent.
Meanwhile, Thailand exported 118,399 tons of boiled rice, with an annual increase of 46.0 percent, mostly to South Africa, Yemen and Benin.
Association officials reported that demand from rice importing countries slowed down, expecting rice exports to drop to about 500,000 tons in May, and Vietnam, India and Pakistan rivals returned to the market.
In addition, it was stated that the price of Thai rice remained higher than competitors due to limited supply and strengthening of the Thai baht.
It is stated that the price of white rice in Thailand is $501 USD per ton and that is $30 to $130 USD per ton higher than the price of competitors.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
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