Thai rice exports in the first 8 months of this year amounted to 4,772,315 tons, an increase of 46.8%, expected in September 2022 to export 700,000 tons of rice as a result of India’s suspension of exports. The demand for the rice market continues.
On September 30, 2022, Mr. Charoen Laothamatas The president of the Thai Rice Exporters Association revealed that rice exports in August 2022 amounted to 687,118 tons, an increase of 18.8%, worth 12,532.1 million baht, an increase of 23.2% respectively.
Compared to July 2022, exports were 578,177 tons worth 10,173.2 million baht, because in the past August Exporters are rushing to deliver rice according to pending contracts from the previous month. In particular, the Iraqi market continued to import white rice.
As a result, in August, white rice was exported to 376,045 tons, an increase of 20.1% compared to the previous month. Most of them are sent to Iraq, China, Malaysia, the Philippines, Japan, Angola, etc. While parboiled rice is exported to 130,861 tons, an increase of 13.1% compared to the previous month. Most of them are still sent to main markets in Africa such as South Africa, Benin, Cameroon, Niger, etc.
As for the export of jasmine rice (original rice), the volume was 77,683 tons, an increase of 15.8% compared to the previous month. by sending to important markets such as the United States, Canada, Hong Kong, Singapore, Ivory Coast, Australia, etc.
The association expects that in September 2022, rice exports will be around 700,000 tonnes as exporters still have pending contracts from the previous month because in the past, loading and unloading on ships was not fully possible. Due to the bad weather from intermittent rain
However, from India’s measures to suspend the export of broken rice And imposing a 20% tax on white rice exports, which is expected to benefit Thailand’s rice exports. In addition, important markets still have continuous demand for imports such as Iraq, China, Japan, Hong Kong, the Philippines, South Africa, Benin, Mozambique, Angola, the United States, Canada, etc.
While Thailand’s rice price situation during this period is still at a competitive level. And also benefit from the depreciation of the baht This results in the price of Thai 5% white rice as of September 28, 2022 at $ 435 per tonne.
While the price of 5% white rice in Vietnam, India and Pakistan is $ 428-432, $ 393-397 and $ 383-387 per ton respectively, while the price of Thai parboiled rice is $ 449 per tonne. While Indian parboiled rice and Pakistan at 378-382 and 420-424 US dollars per tonne.
According to the information of the Customs Department Rice exports in the first eight months of this year (January-August 2022) with a volume of 4,772,315 tons, a value of 83,637.5 million baht (US$ 2,471.0 million), with a 46.8% increase in volume and a 39.8% increase in value compared to the same period in the year 2021 that exported a volume of 3,250,729 tons, a value of 59,819.7 million baht ( 1,944.9 million USD)