Global Thai rice export forecast to surpass 8 million tonnes

[snoop1130]

 

The appeal for Thai rice continues to be significant globally, with both Indonesia and Bangladesh expressing their aspirations to buy the grain through G2G or government-to-government contracts. Ronnarong Phoolpipat, head of the Foreign Trade Department, stated that the immense global demand for Thai rice is likely to boost exports to surpass 8 million tonnes this year.

 

The department has plans to send representatives from both the public and private sectors to discuss the subject. The goal is to reinforce ties with key trading partners such as the Philippines in July, while in August, the focus will be on Malaysia, Indonesia, Singapore, and Japan.

 

“Growing concerns about the impact of the El Niño weather phenomenon led Indonesia to express increased demand for rice imports, worried about a shortage for domestic consumption and the need for food security,” Phoolpipat explained. “Indonesia is interested in purchasing Thai rice through G2G deals. However, the Thai government does not have a policy to sell rice via this method, preferring private sector involvement,” Phoolpipat added.

 

Bangladesh also has expressed interest in an acquisition of rice through G2G contracts, according to Ronnarong, reported Bangkok Post.

 

By Alex Morgan

Caption: Picture courtesy of dashu83, Freepik

 

Full Story: https://thethaiger.com/news/business/global-thai-rice-export-forecast-to-surpass-eight-million-tonnes-in-2021

 

-- © Copyright Thaiger 2023-06-26

 

- 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.

[dinsdale]

Is the price per tonne for farmers reflecting this. There is a website for the price farmers recieve per tonne but I can't remember/find it. Anyone help?

[farmerjo]

I haven't seen one,only export prices.

It's normally a trip to the local ricemillers for me who have the prices on a board inside to keep updated.