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Thai rice exporters are increasingly concerned about the prospects of fragrant rice exports due to high freight rates and falling rice prices

 Last Update: 2021-09-18
 Source: Internet
 Author: User

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According to the Bangkok Post reported September 2, Thailand's rice export business face high freight and jasmine rice more supply, fueling increasing concern
.
Charlene, chairman of the Thai Rice Exporters Association, said that due to the shortage of workers due to the epidemic and the government blockade resulting in poor logistics and transportation, freight rates remain high.
In particular, the freight to New York and Los Angeles has increased from US$3,000 to US$4,000 per container before the epidemic.
The prices have risen to 18,500-15,000 US dollars.
At the same time, the increase in the supply of jasmine rice has caused the export price to drop from 800-900 US dollars per ton at the beginning of the year to 700 US dollars.
The domestic price has dropped from 14,500 baht per ton in January last year to 8,600-11,500 baht.
, The export of jasmine rice in the new harvest season will continue to decline
.

In 2020, Thailand exported 1.
33 million tons of jasmine rice worth 42.
5 billion baht, a year-on-year decrease of 4.
7% and 6.
7% respectively; in the first seven months of this year, exports of 661,800 tons worth 581 million US dollars, a year-on-year decrease of 27.
5% and 37.
8% respectively
.
The United States is the largest importer of Thai jasmine rice, importing 224,200 tons in 2020, a decrease of 27.
5%; followed by Hong Kong, China, importing 71,400 tons, a decrease of 8.
4%; Mainland China third, importing 36,100 tons, a decrease of 19.
8%
.

Rice export fragrant rice

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