Thai rice exports dealing with sturdy regional competitors

Rice exports are down in February’s gross sales figures, in each whole volume and worth. High prices and competition from Vietnam are being blamed, along with the ongoing strong baht. Untold say they’re concerned how lengthy the new season will last which may even affect their planting schedules for this yr.
The Thai Rice Exporters Association says that rice exports totalled 687,560 tonnes in February, down 27.7% year-on-year.
White rice, particularly, together with parboiled rice, have seen the most important falls, as a lot as 40%, based on the Rice Exporters. Exports of Jasmine Rice fell round 6.2% from January’s complete.
“Prices of Vietnamese rice are around US$40-50 per tonne lower than Thailand and are luring buyers from The Philippines and Malaysia.”
Today, Thai white rice goes for $411 a tonne, while Vietnam white rice is $358-362 per tonne, India and Pakistan are between $350-377 per tonne.
Thai rice shipments totalled 11 million tonnes in 2018, down 5% from eleven.sixty seven million in 2017 but larger than 9.91 million tonnes in 2016, based on the Bangkok Post..

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