Thai rice exports for 3 months, up 1.7 million tons, a growth of 48.5 percent, raking in nearly 30 billion baht after trading partners rushed to stock up during the war – the weak baht could compete with competitors.
Thai rice exports 3 months up – News report from the Thai Rice Exporters Association revealed that the volume of Thai rice exports during the first three months of this year (Jan.-Mar. 2022) was 1,743,280 tons, worth 29,468.2 million baht (903.3 million baht). USD), with an increase of 48.5% in volume and a 30.8% increase in value compared to the same period of the year 2021 that exported 1,173,556 tons, valued at 22,529.1 million baht (757.3 million USD).
As for exports in March 2022, with a volume of 647,608 tons, valued at 11,085 million baht, with the export volume and value increasing by 1.8% and 6.6%, respectively, compared to the previous month with a volume of 635,919 tons, with a value of 10,396 million baht, because in March Importers rushed to import rice to compensate for the decline in domestic rice stocks. Moreover, there are still concerns about the situation between Russia and Ukraine affecting world trade markets and international shipping.
By in March In 2022, white rice exports totaled 307,530 tons, a 13.6% drop from the previous month. mainly to Iraq, Yemen, Mozambique, China, Angola, Japan, etc., while parboiled rice exported 116,618 tons, an increase of 83.0% compared to the previous month. Most of them still ship to main markets such as South Africa, Benin, Algeria, Morocco, etc.
Exports of jasmine rice (early rice) amounted to 143,063 tons, an increase of 27.4% compared to the previous month. Most of them are sent to regular markets such as the United States, China, Hong Kong, Canada, Singapore, Australia, etc.
The association expects that in April 2022 will be able to export approximately 700,000 tons of rice due to the main markets in the Middle East such as Iraq, the United Arab Emirates, Asian markets such as China, Japan, the Philippines, African markets such as South Africa, Angola, Mozambique, as well as American markets such as the United States, Canada, want to import rice. continually in order to have sufficient supply for domestic consumption during the period of global economic recovery. As many countries began to have more purchasing power
In addition, the depreciation of the baht has resulted in the price of Thai rice being at a level that can better compete with other competitors. The price of white rice 5% of Thailand as of April 27, 2022 is at 435 USD per ton. Meanwhile, the price of white rice for 5% of Vietnam, India and Pakistan are at 413-417, 343-347 and 343-347 USD/ton, respectively. Thai Parboiled Rice price is at 450 USD/ton. While Indian parboiled rice and Pakistan at 358-362 and 386-390 USD per ton.
