Specifically, the report said rice exports fell 13% year-on-year to 5.8 million tons from 6.2 million tons. The reason is a lack of container ships and higher shipping costs under the influence of the COVID-19 pandemic. "The cost of shipping goods to the US is now five times higher than it was before the COVID-19 outbreak. Thai rice exporters can only deliver 60 percent of the total rice contracts in July 2021," he said. according to USDA.
Original content
USDA also noted that exports to the Singapore market fell 52% year-on-year. "In addition, many ASEAN countries are experiencing the worst wave of COVID-19 causing demand for Thai rice to decrease," the US agriculture agency added. The USDA said the pandemic is also affecting Thai rice production, creating labor shortages in rural areas and factories. However, Thailand's rice exports to Iraq reached 63,146 tons, up more than 270% over the same period last year. Thailand exported 44,000 tons of white rice (100% grade) to Iraq in mid-August 2021, this is Thailand's first rice shipment to Iraq after 7 years. The price of Thai 5% broken white rice fell 2% in the first five months of the year, from $519 to $476/ton and down 5% year-on-year. During the same period, the price of Thai fragrant rice HomMali fell 24%. The weakening of the baht against the dollar during this period also contributed to the drop in Thai rice export prices. Thai rice exports will become more competitive as the ...
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.