Thailand's rice exports fell 21% in the first 6 months of the year
Rice
Thailand
Published Jul 5, 2021
Tridge summary
According to the Vietnam News Agency correspondent in Bangkok, Thailand only exported 2.2 million tons of rice in the first half of this year with a value of 1.382 billion USD, down 21.03% in volume and 28.14% in value over the same period. 2020. Chairman of the Thai Rice Exporters Association (TREA) Charoen Laothammathat assessed the situation is not good for rice exports of this Southeast Asian country. Compared with the target set for the whole year of 2021 of 6 million tons with a value of 5 billion USD, Thailand can export 5.7 million tons of rice.
Original content
According to Mr. Charoen, to export 6 million tons of rice this year, Thailand has to export an average of 500,000 tons per month, while Thailand's rice exports are currently below the target. TREA president said Thai rice is more expensive than competitors and that affects sales. This is the result of the domestic baht's appreciation and drought. Mr. Charoen said Thailand's rice exports have been steadily declining in many markets as can be seen from the export data to neighboring countries such as Malaysia. In the first two months of this year, India was the largest exporter of rice with 72,203 tons, followed by Pakistan 19,575 tons, Vietnam 13,978 tons, Myanmar 10,899 tons, while Thailand ranked fifth with 6,059 tons. Thailand's Ministry of Commerce has collaborated with TREA to promote the country's three main rice exports: 4.8% growth in jasmine rice to high-end markets and 5.2% growth in rice sales. fragrant; 4.7% growth in exports of white rice in general and 4.9% for ...
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