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

Published Nov 16, 2022

Tridge summary

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.

Original content

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 tonne. But Thailand planted it to eat by itself. Export a little, selling 700 US dollars per ton. I don't see the future of exports at all." Charoen said that the rice export market in the new season This year is quiet because 1. China is still closing the country from COVID, causing the restaurant to not open yet. Shopping in supermarkets is difficult. As for the United States, which is a big market, in the last 3-4 months, a lot of stuff has arrived, the stock is full and still not sold out. There is a problem to buy new rice. From the former wharf to LA, about 5,000 US dollars per container, today the rest is 1,000 US dollars, so the exporter is late. The more advantages the port is cheaper. The price of rice was lower. As for "Hong ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.