Thai Rice Exports Surge as Indonesia Faces Reduced Harvest Due to Drought

[snoop1130]

 

BANGKOK (NNT) - The Ministry of Commerce has reported a surge in Thailand’s rice exports as Indonesia’s rice industry was hit by El Ni?o-triggered droughts and a delayed monsoon season during the first 10 months of this year.

 

Information from the October 2023 projection of the United States Department of Agriculture (USDA) forecast a 3% drop in Indonesia’s 2023/24 rice production at 33.5 million metric tons.

 

Indonesia typically has three rice growing cycles annually, with the primary cycle during the rainy season - from October to December - accounting for about 45% of total rice cultivation, and harvests between February and April. Two additional off-season cycles occur during the dry season.

 

Most of Indonesia’s rice cultivation relies on irrigation, covering 85% of the cultivated area, primarily in lowland regions that depend on rainfall to supplement irrigation systems.

 

The Trade Policy and Strategy Office also reported that Thailand’s rice export volumes in the first ten months of 2023 reached 6.9 million tons, an 11.4% increase from the same period last year, valued at nearly 136.3 billion baht, a 24.7% increase.

 

The top five rice export markets for Thailand are Indonesia at 13.19%, the United States, South Africa, Iraq, and China.

 

By Krajangwit Johjit

 

Full story: NNT 2023-12-06

 

- 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.

 

Get our Daily Newsletter - Click HERE to subscribe

[hotchilli]

Boom times ahead then... 

[Muhendis]

35 minutes ago, hotchilli said:

Boom times ahead then... 

For whom?

 

Certainly not the farmers.

[hotchilli]

4 hours ago, Muhendis said:

For whom?

 

Certainly not the farmers.

Maybe the farmers should be a bit more pro-active.

All the money goes to millers and traders.

[Muhendis]

21 minutes ago, hotchilli said:

Maybe the farmers should be a bit more pro-active.

All the money goes to millers and traders.

That's been tried already.

Some time ago the rice growers in one province got together and refused to sell at the low prices offered.

In response the Mills/middle men initially agreed to pay more but they also became more critical of crop condition.

The result was the growers ended up no better off.