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According to the Bangkok Post reported Dec.
15, Thailand for next year's rice exports set 700--750 million tonnes target, higher than this year's estimated 600 million tons, which benefit to adequate water supply and weakening baht, making Thai rice More competitive
.
Charoen Laothammatas, chairman of the Thai Rice Exporters Association, said that sufficient rain and weak Thai baht (currently an average of 33 baht to 1 U.
S.
dollar) are expected to support rice exports in the coming year
.
The weakness of the Thai baht has made Thai rice export prices more competitive.
The FOB price of 5% white rice is now US$390 per ton, which is lower than Vietnam’s price of US$405 per ton
.
However, Charlene said that the shortage of containers and insufficient space are expected to remain key risk factors, which may continue until the first half of 2022
.
Thailand’s rice exports this year are expected to reach 6-6.
3 million tons, slightly higher than the 5.
72 million tons last year
.
In 2021, Thailand is expected to remain the world's third largest rice exporter, second only to India and Vietnam
.
In order to improve Thailand's ranking in the world's rice export market, it is urgent to accelerate the cultivation of Thai rice varieties
.
It is estimated that Thailand's rice production will increase in 2021/2022.
Due to the sufficient water supply, the output of polished rice is estimated to be 20 million tons, which is higher than the 17 million tons in 2020/2021
.
Thailand’s rice production averages 450 kilograms per rai, which is significantly lower than Vietnam’s 900 kilograms and India’s 800 kilograms
.
Chookiat Ophaswongse, the honorary president of the Thai Rice Exporters Association, recently stated that if Thailand cannot improve its rice varieties to meet customer needs, such as providing soft rice and neglecting to increase productivity, then rice exports may gradually decline
.
We did not solve the problem fundamentally, but focused on price support, either through rice promises or through price guarantee programs
.
Vietnam focuses on research and development to strengthen its rice industry
.
15, Thailand for next year's rice exports set 700--750 million tonnes target, higher than this year's estimated 600 million tons, which benefit to adequate water supply and weakening baht, making Thai rice More competitive
.
Charoen Laothammatas, chairman of the Thai Rice Exporters Association, said that sufficient rain and weak Thai baht (currently an average of 33 baht to 1 U.
S.
dollar) are expected to support rice exports in the coming year
.
The weakness of the Thai baht has made Thai rice export prices more competitive.
The FOB price of 5% white rice is now US$390 per ton, which is lower than Vietnam’s price of US$405 per ton
.
However, Charlene said that the shortage of containers and insufficient space are expected to remain key risk factors, which may continue until the first half of 2022
.
Thailand’s rice exports this year are expected to reach 6-6.
3 million tons, slightly higher than the 5.
72 million tons last year
.
In 2021, Thailand is expected to remain the world's third largest rice exporter, second only to India and Vietnam
.
In order to improve Thailand's ranking in the world's rice export market, it is urgent to accelerate the cultivation of Thai rice varieties
.
It is estimated that Thailand's rice production will increase in 2021/2022.
Due to the sufficient water supply, the output of polished rice is estimated to be 20 million tons, which is higher than the 17 million tons in 2020/2021
.
Thailand’s rice production averages 450 kilograms per rai, which is significantly lower than Vietnam’s 900 kilograms and India’s 800 kilograms
.
Chookiat Ophaswongse, the honorary president of the Thai Rice Exporters Association, recently stated that if Thailand cannot improve its rice varieties to meet customer needs, such as providing soft rice and neglecting to increase productivity, then rice exports may gradually decline
.
We did not solve the problem fundamentally, but focused on price support, either through rice promises or through price guarantee programs
.
Vietnam focuses on research and development to strengthen its rice industry
.
