Thailand: Why the jasmine rice market at the beginning of the 2022/23 season is not bustling?

Published 2022년 11월 15일

Tridge summary

The Thai Rice Exporters Association is facing a challenging market, particularly with competition from Vietnam and changing market conditions. The president has suggested the formation of a rice board for cooperation among farmers, mills, and exporters to understand market trends and prices. The current export market is quiet due to COVID-19 restrictions in China and an oversupply in the US. The article also highlights concerns of price manipulation and quality issues in rice markets, with the Thai Rice Mill Association suggesting a minimum price of 11,500 baht/ton for freshly harvested rice.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Charoen Laothammathat The president of the Thai Rice Exporters Association said that if we do not follow the market, we will gradually disappear. No one can beat the market Only the market will guide whether we deserve to be in this market or not. Today, our largest jasmine rice market is in Canada and the United States. At present, there are 10 brands entering the market, 6-7 of which are from Vietnam, which will continue to be squeezed out. The balance will continue to decline. Therefore, the mill in the northeast Prepare to do domestic market. If only thinking of growing old rice varieties “Today, 5% rice cannot be sold cheaply. Under the neck of India, we sell 400 -410 US dollars per tonne while India sells 360 US dollars per tonne. In Vietnam, soft rice sells for more than 430 USD per tonne. Like hard rice, it's more expensive than Thailand. but the market needs I asked where we were going to stand. glutinous rice Vietnam grows for export, selling about 480 US dollars per ...

Source: Ththansettakij