webfact Posted June 17, 2023 Share Posted June 17, 2023 Thai rice exports have a favourable horizon in 2023, as they are projected to exceed 8 million tonnes. This boost in international demand is linked to global concerns about the possible consequences of the El Niño weather event, resulting in several countries aiming to expand their stockpiles, according to Commerce Minister Jurin Laksanawisit. The minister indicated that the Philippines plans to raise its rice acquisition by 2-3 million tonnes, while Indonesia is speeding up the process to secure considerable amounts of rice from Thailand and Vietnam. Iraq’s imports are estimated to be around 1 million tonnes for the year, matching the same volume as 2022. Jurin noted that Vietnam, in preparation for domestic needs, is lessening its rice exports while shifting its emphasis to growing fruit and coffee. Moreover, he highlighted that the weaker Thai baht is making rice shipments from the country more competitive in the international market. Just last year, Thai rice shipments reached 7.69 million tonnes, exceeding the ministry’s target of 7.5 million tonnes. The goal for 2023 is set between 7.5-8 million tonnes of rice exports. by Alex Morgan Image by Thirawatana Phaisalratana, via Flickr Full story: https://thethaiger.com/news/business/thai-rice-exports-set-to-rise-amid-el-nino-concerns -- © Copyright Thaiger 2023-06-17 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. Link to comment Share on other sites More sharing options...
hotchilli Posted June 17, 2023 Share Posted June 17, 2023 2 hours ago, webfact said: Moreover, he highlighted that the weaker Thai baht is making rice shipments from the country more competitive in the international market. Well I never. 1 Link to comment Share on other sites More sharing options...
dinsdale Posted June 17, 2023 Share Posted June 17, 2023 4 hours ago, webfact said: Thai rice exports have a favourable horizon in 2023 Let me just edit this a bit. "Thai rice exporters have a favourable horizon in 2023." Let's see how much baht per tonne goes up for the farmers. 1 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted June 17, 2023 Share Posted June 17, 2023 2 hours ago, dinsdale said: Let me just edit this a bit. "Thai rice exporters have a favourable horizon in 2023." Let's see how much baht per tonne goes up for the farmers. They would probably be better off learning from the Vietnamese, growing more fruit instead... 1 Link to comment Share on other sites More sharing options...
zzaa09 Posted June 17, 2023 Share Posted June 17, 2023 2 hours ago, dinsdale said: Let me just edit this a bit. "Thai rice exporters have a favourable horizon in 2023." Let's see how much baht per tonne goes up for the farmers. There is a bit of hopeful light shining through, as the growing practice of community farming [especially rice] collectives is becoming the trend of the last generation, allowing the open/free/competitive markets to suss themselves out - without the over lording [and dependent upon] command of the repressive government, agricultural mafias and their financial institutions. It's a slow movement but it's getting there. Perhaps a full blown agricultural revolution within a decade. [??] Rice has always been used as a political tool here in Thailand. About time that we reverse the fortunes and create a tool for our advantage - the hard working farmers. 1 Link to comment Share on other sites More sharing options...
MrJ2U Posted June 17, 2023 Share Posted June 17, 2023 The government has asked farmers to grow only one rice crop this year because of El Nino. Less rice means higher prices and Thai rice is already being undersold by Vietnam, India, and Cambodia. Link to comment Share on other sites More sharing options...
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