Thailand’s rice export target set at 6m tonnes this year

[webfact]

Thailand’s rice export target set at 6m tonnes this year

By The Nation

 

 

Thailand’s rice export target has been set at 6 million tonnes this year, the Commerce Ministry reported on Monday.

 

The target was set after talks between the Foreign Trade Department (FTD) and the Thai Rice Exporters Association, said FTD director-general Keerati Rushchano.

 

The target was appropriate but challenging as the Thai rice price was higher than competitors such as India and Vietnam, he said.

 

Other challenging factors are the goods-container shortage and waning purchasing power of Covid-hit importing countries.

 

Keerati added that the baht exchange rate was the key to meeting the export target. The competitiveness of Thai rice rests on its high quality and on-time export delivery.

 

Last year Thai rice exports fell 24.54 per cent to 5.72 million tonnes, representing the lowest level in 20 years. The export value dipped 11.23 per cent to US$3.727 billion.

 

Thailand's biggest rice export market last year was South Africa, which took 672,777 tonnes or 11.75 per cent of total rice exports.

 

The US was second, taking 672,183 tonnes or 11.74 per cent of Thai rice exports. China was fourth, importing 381,363 tonnes or 6.66 per cent.

 

Of total rice exports last year, 1.9 million tonnes was white rice, 1.45 million tonnes was Thai jasmine, 1.49 million tonnes was parboiled rice and 0.28 million tonnes was sticky rice.

 

The decline in exports last year was blamed mainly on the strengthening baht. The country also faced competition from Chinese rice exports to South Africa.

 

India was the world's largest rice exporter last year, shipping 13.61 million tonnes – 5.96 million tonnes to Vietnam, 5.72 million tonnes to Thailand and 3.55 million tonnes to Pakistan.

 

Source: https://www.nationthailand.com/business/30401786

 

 

-- © Copyright The Nation Thailand 2021-01-26

 

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[Soikhaonoiken]

There was an interesting article in the well know paper, that Thai rice exports had slipped to 3rd, place, as Vietnam has increased its yield and now producing a better quality rice than Thailand, who is expected to slip to 5th place. 

[RichardColeman]

38 minutes ago, webfact said:

Keerati added that the baht exchange rate was the key to meeting the export target. The competitiveness of Thai rice rests on its high quality and on-time export delivery.

Rubbish - see previous sentence !

[Albert Zweistein]

1 hour ago, RichardColeman said:

Rubbish - see previous sentence !

So, Thailand exported 5,72 tonnes and imported from India 5,72 tonnes ?

[Cake Monster]

Unless Thailand can Export its Rice at a cost 20% lower than it is at the present , they will be lucky to Export 4 Million Tonnes.

[Bradmeister]

What predictions are these figures based on?

 

Pure specuation..... 

 

The USTR is still upset about no pork exports to Thailand.... and full tariffs will be levied against Thai imports.

 

Come on CP, we need spicey breakfast sausage patties!.....and Kalbasi! Good Eastern block food!