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Illustrative picture (Supply: thaivisa.com)Bangkok (VNA) – Thailand’s
rice exports are anticipated to exceed 8 million tonnes this yr, pushed by the
weak point of the baht and rising demand within the international market, based on Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Affiliation
(TREA).
Thai rice shipments reached
1.5 million tonnes within the first two months of this yr, in contrast with 900,000
tonnes in the identical interval of 2021, mentioned Chookiat.
If Thailand can ship an
common of 700,000 tonnes a month, the full export quantity will possible be at
least 8 million tonnes this yr, nicely over the 7 million tonnes the
affiliation forecast,” he mentioned, including that export worth is estimated at
130 billion THB, up from 110 billion THB final yr.
Chookiat was quoted by native
media as saying that Thai rice export costs are actually aggressive because the baht
weakens, partially due to the continuing warfare. Thai rice costs are actually shut
to these of Vietnamese grains, he mentioned.
The free-on-board worth of 5 p.c Thai white rice is now supplied at 420 USD,
the identical charge as Vietnamese rice. The worth is 20 USD larger than the 400 USD a
tonne recorded initially of this month.
The export markets within the
Center East, corresponding to Iraq, Iran and Saudi Arabia, are again this yr, Chookiat
mentioned.
Given COVID-19 outbreaks in Hong Kong (China) and Singapore, in addition to the lockdown in Shenzhen, China, shoppers
are shopping for extra Thai rice in supermarkets to refill, he mentioned.
The warfare had a robust impression on Thai rice costs, inflicting them to rise barely
due to larger costs for wheat and corn, he mentioned, including that TREA expects
Thai rice costs to extend by 5 p.c or 20 USD per tonne within the second
quarter of this yr.
The projected uptick is modest as a result of there are comparatively excessive shares in
India, whereas rice manufacturing is predicted to achieve this yr each in Vietnam and
Thailand, mentioned Chookiat./.
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