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    Home > Food News > Food Articles > Thailand's rice exports in the first half of 2021 decrease by 20%

    Thailand's rice exports in the first half of 2021 decrease by 20%

    • Last Update: 2021-08-01
    • Source: Internet
    • Author: User
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    Comprehensive Thai media reported July 6, Thai rice exports Association, said the first half of 2021 (January 1 to June 23), the number of Thai rice exports at 2.
    2 million tonnes, valued at $ 1.
    382 billion, a year earlier phase Compared with that, the export volume fell by 21.
    03% and the value shrank by 28.
    14%
    .
    The current situation is unfavorable for Thai rice exports.
    The original 2021 rice export target was 6 million tons, worth 5 billion U.
    S.
    dollars or 150 billion baht, while Thailand exported 5.
    7 million tons of rice last year
    .
     
    The Thai Rice Exporters Association stated that if Thailand wants to export 6 million tons of rice throughout the year, it will have to export an average of 500,000 tons per month.
    However, from the export situation in the first half of the year, Thai rice exports are below the target.
    The problem comes from Thailand.
    The price of rice is higher than that of competitors, which is the result of the appreciation of the Thai baht and the lower rice production caused by drought
    .
    The export volume of Thai rice in many markets has continued to decline, as can be seen from the export of Thai rice to neighboring countries, such as Malaysia
    .
     
    Thailand’s rice export data from January to February this year showed that India ranked first with 72,203 tons, followed by Pakistan with 19,575 tons, Vietnam with 13,978 tons in third, Myanmar with 10,899 tons in fourth, and Thailand with 6,059 tons.
    Ranked fifth
    .
    Thailand exported 1.
    46 million tons of rice from January to April this year, and 2.
    11 million tons in the same period last year, a year-on-year decrease of 31%.
    From January to April this year, it was valued at 28.
    190 billion baht and at 43.
    79 million baht in the same period last year, a year-on-year decrease of 34.
    5%.

    .
    In addition, the export volume of Thai rice to Thailand's main markets continued to decline, including the United States, South Africa, Japan and other countries
    .
     
    This year, the Ministry of Commerce and the Thai Rice Exporters Association have cooperated to promote the export of Thai rice in three main markets: 1.
    The high-end market, the export of jasmine rice, an increase of 4.
    8% compared to last year; 2.
    The general market, the export of white rice, an increase of 4.
    7%, and steamed rice.
    4.
    9%; 3.
    In specific markets, glutinous rice was the main market, an increase of 3.
    6%, and brown rice and non-glutinous rice increased by 12.
    5%
    .
    At the same time, the government-to-government (G2G) rice trading market will be opened
    .

     
      The Ministry of Commerce of Thailand will advance the government-government rice sales negotiations.
    Thailand has previously signed a memorandum of understanding (MOU) with Bangladesh and Indonesia.
    Under the framework of the memorandum, these countries purchase 1 million tons of rice from Thailand each year
    .
    If the above goes smoothly, Thailand is expected to achieve the goal of 6 million tons of rice exports this year
    .

     
      The problem of Thai rice export is still a problem in the past 10 years.
    The important reason is that the price of Thai rice is higher than that of most competitors, including Vietnam, India, Pakistan and China.
    In addition, the Thai baht appreciates and rice varieties cannot meet the demand.
    Recently, it has appeared.
    Rising shipping costs have affected the cost of Thai rice exports
    .
    Thai rice once ranked first in the world market by its quality, and was later robbed of its market share by competitors Vietnam and India.
    Not only that, China, as the export market for Thailand, has also become another competitor of Thailand
    .

     
      In the next six months, the export volume must reach 4 million tons to achieve the annual goal of 6 million tons, which will be an arduous task for Thai rice exporters
    .

    Rice export
     
      The Thai Rice Exporters Association stated that if Thailand wants to export 6 million tons of rice throughout the year, it will have to export an average of 500,000 tons per month.
    However, from the export situation in the first half of the year, Thai rice exports are below the target.
    The problem comes from Thailand.
    The price of rice is higher than that of competitors, which is the result of the appreciation of the Thai baht and the lower rice production caused by drought
    .
    The export volume of Thai rice in many markets has continued to decline, as can be seen from the export of Thai rice to neighboring countries, such as Malaysia
    .

     
      Thailand’s rice export data from January to February this year showed that India ranked first with 72,203 tons, followed by Pakistan with 19,575 tons, Vietnam with 13,978 tons in third, Myanmar with 10,899 tons in fourth, and Thailand with 6,059 tons.
    Ranked fifth
    .
    Thailand exported 1.
    46 million tons of rice from January to April this year, and 2.
    11 million tons in the same period last year, a year-on-year decrease of 31%.
    From January to April this year, it was valued at 28.
    190 billion baht and at 43.
    79 million baht in the same period last year, a year-on-year decrease of 34.
    5%.

    .
    In addition, the export volume of Thai rice to Thailand's main markets continued to decline, including the United States, South Africa, Japan and other countries
    .
     
      This year, the Ministry of Commerce and the Thai Rice Exporters Association have cooperated to promote the export of Thai rice in three main markets: 1.
    The high-end market, the export of jasmine rice, an increase of 4.
    8% compared to last year; 2.
    The general market, the export of white rice, an increase of 4.
    7%, and steamed rice.
    4.
    9%; 3.
    In specific markets, glutinous rice was the main market, an increase of 3.
    6%, and brown rice and non-glutinous rice increased by 12.
    5%
    .
    At the same time, the government-to-government (G2G) rice trading market will be opened
    .

     
      The Ministry of Commerce of Thailand will advance the government-government rice sales negotiations.
    Thailand has previously signed a memorandum of understanding (MOU) with Bangladesh and Indonesia.
    Under the framework of the memorandum, these countries purchase 1 million tons of rice from Thailand each year
    .
    If the above goes smoothly, Thailand is expected to achieve the goal of 6 million tons of rice exports this year
    .

     
      The problem of Thai rice export is still a problem in the past 10 years.
    The important reason is that the price of Thai rice is higher than that of most competitors, including Vietnam, India, Pakistan and China.
    In addition, the Thai baht appreciates and rice varieties cannot meet the demand.
    Recently, it has appeared.
    Rising shipping costs have affected the cost of Thai rice exports
    .
    Thai rice once ranked first in the world market by its quality, and was later robbed of its market share by competitors Vietnam and India.
    Not only that, China, as the export market for Thailand, has also become another competitor of Thailand
    .

     
      In the next six months, the export volume must reach 4 million tons to achieve the annual goal of 6 million tons, which will be an arduous task for Thai rice exporters
    .
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