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If inventory is added, Thailand's domestic redundant producti.
The remaining rice supply is about 6 million to.
Even in the drought-hit 2015-2016 rice production fell to 19 million tons, the domestic rice supply in Thailand is still worry-fr.
In 2022, the Russian-Ukrainian conflict has caused fertilizer prices to more than double from last year to around $950-1,000 per tonne, putting downward pressure on Thailand's rice production, especially in the rainy season, which has been affected by higher fertilizer pric.
A decrease of about 2-8 million tons or about 10% in the previous year, but the dry season rice production was not affected by the high fertilizer price due to the harvest period, making the total supply of rice production plus stocks in 2022 about 23 million.
After deducting external demand, the above-mentioned total supply has slightly increased to the rice export target of about 7 million tons and domestic consumption of about 1,300 tons of ri.
ton is at a relatively tight level, and the tight domestic rice supply situation may not be tempora.
A decrease of about 2-8 million tons or about 10% in the previous year, but the dry season rice production was not affected by the high fertilizer price due to the harvest period, making the total supply of rice production plus stocks in 2022 about 23 million.
After deducting external demand, the above-mentioned total supply has slightly increased to the rice export target of about 7 million tons and domestic consumption of about 1,300 tons of ri.
ton is at a relatively tight level, and the tight domestic rice supply situation may not be tempora.
Considering that the demand-side situation will improve this year, it may exacerbate the decline in rice supply due to higher fertilizer prices and become a risk factor for the tighter domestic surplus rice supply in Thaila.
Foreign demand reflected through Thai rice exports is expected to be better than the previous year, which will help boost Thai rice exports, as pent-up demand in the international market is resolved, container issues are eased, and the baht tends to depreciate against the doll.
The target is up to 7 million tonnes, an increase of about 15% year-on-year, but remains low due to intense global competition, especially from Vietnam and Ind.
Vietnam and India are not expected to take measures to restrict rice exports this year, as their rice production is at a high level, supported by a favorable climate, while Thai rice will still face many challenges in price competition due to higher prices and production costs than competito.
After deducting rice exports and domestic consumption, Thailand's domestic redundant rice supply may be more tig.
Although this will benefit rice exports, on the other hand, the ongoing conflict between Russia and Ukraine has caused high uncertain.
, or will affect the supply of rice in Thaila.
Therefore, while rice exports have improved slightly in the context of reduced rice production in 2022, this will only exacerbate the risk that Thailand may experience a tight domestic rice supp.
Foreign demand reflected through Thai rice exports is expected to be better than the previous year, which will help boost Thai rice exports, as pent-up demand in the international market is resolved, container issues are eased, and the baht tends to depreciate against the doll.
The target is up to 7 million tonnes, an increase of about 15% year-on-year, but remains low due to intense global competition, especially from Vietnam and Ind.
Vietnam and India are not expected to take measures to restrict rice exports this year, as their rice production is at a high level, supported by a favorable climate, while Thai rice will still face many challenges in price competition due to higher prices and production costs than competito.
After deducting rice exports and domestic consumption, Thailand's domestic redundant rice supply may be more tig.
Although this will benefit rice exports, on the other hand, the ongoing conflict between Russia and Ukraine has caused high uncertain.
, or will affect the supply of rice in Thaila.
Therefore, while rice exports have improved slightly in the context of reduced rice production in 2022, this will only exacerbate the risk that Thailand may experience a tight domestic rice supp.
Looking ahead, the Kaitai Research Center expects that in 2023, Thailand's domestic rice supply will remain at risk of tight supply due to the highly uncertain global situation, including the prolonged conflict between Russia and Ukraine, which is difficult to predict when it will e.
High fertilizer prices affecting both wet and dry season rice yields, climate change trends tend to exacerbate, and rising but still low rice prices may not motivate farmers to expand producti.
These pressures have resulted in Thai rice production trending down to 18-15 million tonnes without a return to high production in the short term, and rice inventories also trending do.
High fertilizer prices affecting both wet and dry season rice yields, climate change trends tend to exacerbate, and rising but still low rice prices may not motivate farmers to expand producti.
These pressures have resulted in Thai rice production trending down to 18-15 million tonnes without a return to high production in the short term, and rice inventories also trending do.
There has been no significant change in global rice dema.
The fierce price competition faced by Thailand in the international market has led to Thailand's rice exports still at a low level of about 5 million tons, but this also reduced Thailand's domestic redundant rice supply to about 900-4 million to.
At the same time, high production costs will push domestic rice prices to continue to rise from the previous ye.
The fierce price competition faced by Thailand in the international market has led to Thailand's rice exports still at a low level of about 5 million tons, but this also reduced Thailand's domestic redundant rice supply to about 900-4 million to.
At the same time, high production costs will push domestic rice prices to continue to rise from the previous ye.
In addition, if Thai rice exports are higher than forecast, supported by factors including competitors experiencing supply-side shocks (floods, drought, export restrictive policies), better-than-expected improvement in container issues and higher prices for Thai rice Competitiveness, e.
, may make Thailand more vulnerable to the risk of tight domestic rice supply in the futu.
, may make Thailand more vulnerable to the risk of tight domestic rice supply in the futu.
