Rice exports are down in February’s sales figures, in both whole volume and worth. Uncharted and competition from Vietnam are being blamed, along with the ongoing sturdy baht. Rice farmers also say they are involved how long the hot season will last which will also have an result on 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, in particular, along with parboiled rice, have seen the biggest falls, as much as 40%, in accordance with the Rice Exporters. Exports of Jasmine Rice fell round 6.2% from January’s complete.
“Prices of Vietnamese rice are round US$40-50 per tonne decrease than Thailand and are luring consumers from The Philippines and Malaysia.”
Today, Thai white rice is going 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.67 million in 2017 however larger than 9.ninety one million tonnes in 2016, according to the Bangkok Post..