Thai rice exports in June 2023 are expected to be at 700,000 tons after importers ramp up their stockpiles. Fear of El Niño problem The price of Thai rice is competitive.

On June 30, 2023, Lt. Lt. Charoen Laothamathat The president of the Thai Rice Exporters Association revealed that the association expects that in June 2023, the amount of rice exports will be around 700,000 tons because exporters have contracts to deliver to important rice importers. both in ASEAN, the Middle East and Africa

Meanwhile, importers continued to accelerate imports of rice to compensate for the declining domestic rice stocks and to keep stocks in reserve. Amid concerns about the effects of the El Niño phenomenon that is expected to cause many countries to suffer from drought This will cause the agricultural products, including rice, to be reduced.

In addition, during this period, Thailand's rice supply is still sufficient. And also benefit from the depreciation of the baht As a result, the export price of Thai rice is at a level that is not far from that of competitors. causing more buyers to turn to Thai rice

However, the price of Thai 5% white rice as of June 28, 2023 was 518 USD per tonne. While the price of 5% white rice in Vietnam, India and Pakistan is $ 508-512, $ 468-472 and $ 488-492 per ton respectively, while the price of Thai parboiled rice is $ 523 per tonne. Meanwhile, Indian and Pakistani parboiled rice are at $408-412 and $558-562 per tonne respectively.

For rice exports in May 2023, there was a volume of 849,807 tons, a value of 15,710 million baht, with a 53.5% increase in volume and a 48.9% increase in value compared to April 2023 with exports of 553,633 tons, a value of 10,546 million baht. In May 2023, exports of all types of rice increased significantly from the previous month.
In particular, white rice exports to major markets such as Indonesia, Iraq, and Japan have increased significantly. as well as more parboiled rice exported to South Africa. White rice exports amounted to 478,632 tons, an increase of 48.5% compared to the previous month. Mostly sent to Indonesia, Iraq, Japan, Democratic Republic of the Congo, Malaysia, Zimbabwe, etc.

As for parboiled rice, the export volume was 173,654 tons, an increase of 86.7% compared to the previous month. Most of them are sent to regular markets such as South Africa, Yemen, Cameroon, etc., while exports of jasmine rice (root rice) amounted to 92,376 tons, an increase of 16.7% compared to the previous month. by sending to major markets such as the United States, Hong Kong, Canada, China, Singapore, etc.

According to the information of the Customs Department Rice exports during January-May 2023 amounted to 3,467,368 tons, worth 64,322 million baht (US$ 1,896.3 million), with a 26.5% increase in volume and a 34.6% increase in value compared to the same period in 2022 when exporting volume 2,741,910. tons worth 47,785 million baht ($1,452.3 million)

https://www.prachachat.net/economy/news-1338002