Thai rice export grows strongly The virtue of the baht depreciation The world is facing a food shortage Iraq returned to buy for the 7th time, only in the Iraqi market, the 9-month value jumped 511% while preparing to hold the World Rice Conference in Thailand on 15-17 Nov this year, indicating the direction of world rice production and trade in 2023.
Information from the Ministry of Commerce with cooperation from the Customs Department during the first 9 months of this year Thailand exported 5.41 million tons of rice, worth 95,232.73 million baht, an increase from the same period in 2021 that exported 3.88 million tons worth 70,274.49 million baht, or an increase of 40% and 36% respectively, with Thailand being the second largest rice exporter. after India
The top 5 rice export markets in Thailand in the first 9 months of 2022 are Iraq worth 15,405 million baht, an increase of 511%, the United States worth 14,029 million baht, an increase of 29%, South Africa worth 8,017 million baht, a decrease of 3%, China worth 7,439. million, an increase of 30% and Hong Kong worth 3,569 million baht, an increase of 1.6%.
Previously, Mr. Jurin Laksanawisit, Deputy Prime Minister And the Minister of Commerce revealed that during the first 9 months of 2022 (Jan.-Sept.), Thailand exported rice worth $ 2,796.2 million (95,232.73 million baht), an increase of 23.6% compared to the same period of the year. before Thailand’s rice export markets grew well, namely Iraq, Benin, Angola, Cameroon and Canada.
While the Thai Rice Exporters Association Thailand is expected to export 7-8 million tonnes of rice this year due to the positive factor of world food shortages. The baht depreciated Thailand’s competitiveness in rice prices to better compete with India and Vietnam. And most importantly, Iraq has returned to buy Thai rice in the past 7 years, expecting that only Iraqi one market will buy at least 1 million tons of rice from Thailand this year.
The Department of Foreign Trade revealed that The Rice Trader, a famous US journal, Organizers of the World Rice Conference and organizers of The World’s Best Rice Award are scheduled to hold the 14th World Rice Conference between 15-17 November 2022 in Phuket. by inviting the Deputy Prime Minister and the Minister of Commerce, Mr. Jurin Laksanawisit, gave a special speech at the opening of the conference.
Participating in this event will be an opportunity for the Thai rice industry. and Thailand to show potential in the global market Along with playing an important role in joining hands with all parties to continue to create food security for the world. as well as reinforcing the policy of working together in both public and private sectors
The Department of Foreign Trade as an agency responsible for the international marketing of Thailand’s rice products will attend the said meeting. To get to know the trend of the world rice trading market. as well as participating in activities to publicize the image of Thai rice and to survey satisfaction on various types of rice with potential for export. for use in planning the production and marketing of Thai rice Including creating awareness about new rice varieties To increase opportunities and channels in the Thai rice market to reach a wide range of consumers and foreign importers.