Illustrative image (Source: AFPVNA) Bangkok (VNA) - Thai rice exporters are fretting over their prospects this year as China looks set to ramp up its rice shipments, notably to Africa. The Bangkok Post on June 12 quoted Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association as saying that China produces an estimated 120 million tonnes of rice each year and is likely to raise exports to 3 million tonnes of aged grains this year from 1.5-2 million tonnes last year. Africa is a potential target market for China now that consumers there are in the habit of eating aged rice, he said. China’s 5 percent white rice is quoted at 300 USD a tonne, while similar grains from Thailand are quoted at 390 USD, those from Vietnam at 360 USD and those from India at 370 USD. Chinese rice is very cheap compared with others, said Chookiat, adding that Thailand has run out of stocks of aged rice. Thai rice shipments totalled 11.09 million tonnes last year, down 5 … [Read more...] about Thai rice exporters worry about China’s competition
Thai rice exporters
Thailand’s rice exports down in both volume and value in February
Rice bags stocked up at a factory in Bangkok, Thailand (Photo: AFP/VNA) Bangkok (VNA) – Thailand’s rice exports decreased in both volume and value in February 2019 due to high prices as compared to other competitors and its stronger baht. Charoen Laothammatas, President of the Thai Rice Exporters Association (TREA), said the country’s rice shipments totalled 687,560 tonnes in February, down 27.7 percent from the same month of last year, with the export value hitting 11.69 billion baht (over 368.5 million USD), down 23.5 percent year on year. According to Charoen, Vietnam's rice prices were 40-50 USD a tonne lower than Thai grains and lured buyers from the Philippines and Malaysia. Charoen said that despite the export fall in February, rice exporters still believe shipments will recover in March to 700,000-800,000 tonnes. Thai exporters still maintain huge outstanding purchase orders for white rice and parboiled rice from key African and Asian … [Read more...] about Thailand’s rice exports down in both volume and value in February
A prophecy of rice export
A prophecy of rice exportBy Nguyen Dinh Bich Vietnamese exporters were able to considerably nhance both their glutinous and fragrant rice export segments at much better prices - PHOTO: LE HOANG VU Last year may be considered a good year for Vietnam’s rice export sector. There remain complicated issues to address, though. Vietnam exported around 6.1 million tons of rice in 2018, a year-on-year rise of 4.6%, or an equivalent of 270,000 tons, according to the General Statistics Office (GSO). Those tallies undoubtedly prove to be modest rises compared with over one million tons and 21%, respectively, in 2017. Despite a slight upsurge in the volume of rice export, Vietnamese rice prices were high, making last year a success for the sector. Each ton of rice was sold at an average US$502, which was 10.8% higher than in 2017. As a result, 2018 rice export turnover surged by 16% to top US$3 billion. What’s more, that Vietnamese rice prices were equal to, or sometime higher … [Read more...] about A prophecy of rice export
Thailand sees bright prospects for rice exports
Illustrative photo (Source: NNT) Bangkok (VNA) – The Thai Rice Exporters Association has been upbeat about rice shipment prospects in the second half of this year. However, many exporters worried that the rising price of hom mali, or fragrant jasmine, will drive local farmers to plant this variety more, thus causing pressure on rice price in the market. The association expected a rice output of 12 million tonnes in the sub-crop, which is higher than the amount of 8 million tonnes forecast by the Thai Ministry of Agriculture and Cooperatives. Hom mali price hits ten-year high on global strong demands and Thai Government’s clear-out of rice stockpile. Each tonne of hom mali is currently sold at 18,000 THB, nearly doubling the price recorded in the same time last year. In the first half of the year, Thailand exported 5.32 million tonnes of rice worth 85.8 billion THB, decreasing 2 percent in volume but rising 7 percent in value year on year. The Philippines plans to … [Read more...] about Thailand sees bright prospects for rice exports
Thailand raises 2018 rice export target to 10 million tonnes
During the January-April period, Thailand exported 3.31 million tonnes of rice, up 38 percent from a year earlier and outpacing other big rice exporters like India, which shipped 3.21 million tonnes; Vietnam, 1.61 million tonnes; and Pakistan, 1.28 million tonnes.Thailand has revised its 2018 rice export target to 10 million tonnes from the previous forecast of 9.5 million tonnes. (Photo: bangkokpost.com)TREA President Charoen Laothamatas said, during the first quarter of this year, Thai rice exports rose more than expected as demand in several importing countries increased.With orders coming from African and Asian nations, Thailand is expected to fulfill the export target of 10 million tonnes of rice this year, he stressed.The association's upward revision matched the Thai Ministry of Commerce’s latest forecast of 10 million tonnes worth of rice exports for 2018.The Ministry of Commerce also attributed the rise in exports to strong demand, particularly in Southeast Asia … [Read more...] about Thailand raises 2018 rice export target to 10 million tonnes