Half-year ’22, rice exports surpassed 3.5 million tons, making 60 billion. ‘ Alongkorn’ is confident that the whole year will exceed 7 million tons, with a chance to overtake Vietnam.
on August 6 Mr. Chalermchai Sri-on Minister of Agriculture and Cooperatives revealed today (6 Aug) expressed satisfaction with the report of Thai rice exports for the first 6 months of this year that
From January to June 2022 Thailand can export all kinds of rice, including white rice. Parboiled rice and jasmine rice amounted to 3,507,020 tons, valued at 60,932.3 million baht ($1,837.1 million), an increase of 56.6% in volume and 42.9% in value compared to the same period of the year 2021, with exports of 2,239,432 tons, worth 42,641.8 million baht. ($1,407.9 million)
Especially in June 2022, the export volume was as high as 764,131 tons, with a value of 13,129.5 million baht, with the export volume and value increasing by 69.4% and 57.1%, respectively.
Compared to May 2022 with a volume of 450,973 tons, a value of 8,357 million baht because in June last year. 405,963 tons of white rice was exported, an increase of 208% compared to the previous month.
For parboiled rice, export volume was 140,225 tons, an increase of 10.8% compared to the previous month. Exports of jasmine rice (early rice) amounted to 103,865 tons, an increase of 15.2 percent compared to the previous month.
“This is good news for all Thai farmers that Thailand can export more rice in both volume and value, which will result in higher domestic prices.”
Mr. Alongkorn Phonbut Advisor to the Minister of Agriculture added that Thailand has a very high chance to be the second largest rice exporter in the world and will successfully overtake Vietnam this year. If exports exceed 7 million tons
Looking at Thai rice export data in the first half of the year and the US Department of Commerce report, it is estimated that in the 2021-2022 production cycle, world rice production may be around 505.4 million tons, up 1.9 million from the previous year. tonnes, while in 2022 the world rice trade volume may reach 46.4 million tonnes, an increase of regarding 100,000 tonnes from 2021.
by Countries that are expected to increase rice exports include Australia, Myanmar, Cambodia, the European Union, Paraguay, Thailand and Uruguay. Countries that are expected to export rice are Colombia, Ecuador, India, Iraq, Madagascar, Philippines, Sri Lanka, the United States and Vietnam. Vietnam is expected to be the world’s third largest rice exporter with a total volume of 6.3 million tonnes following India and Thailand. In that order, Vietnam has been the No. 2 rice exporter for several years in a row. The amount of rice exports that will decline in 2022 will make Vietnam the third highest rice exporter.
“It is expected that we will export at least 7-7.5 million tons of rice throughout the year, higher than in 2021, and have a chance to overtake Vietnam to become the world’s No. 2 rice exporter this year. Looking at Vietnam’s rice export statistics, the first five months of this year (Jan-May) exported 2.77 million tons of rice, an increase from the same period of 2021. with an export volume of 2.59 million tons, or an increase of 6.95 percent, with an export value of $1.35 billion Decrease from the same period in 2021 with export value of $1.41 billion. or a decrease of 4.26 percent, the average Vietnam exports 500,000 tons per month. while Thailand exports on average per month. 600,000 tons, expanding both in quantity and value.”
Mr Alongkorn said that from the report of the Thai Rice Exporters Association and the Customs Department Exports in the second quarter continued to perform well from the first quarter, with the number of Thai rice exports during the first three months of 2022 (January-March) which increased by 48.5%, with exports of 1,743,280 tons, or a value of 29,468.2 million baht. (903.3 million US dollars)
However, the export situation still needs to be monitored in the second half of the year. If the export level exceeds 600,000 tons per month, the annual export will exceed 7 million tons.
This depends mainly on the baht value and the output of the main exporting countries and the export price of each country. It is an advance in rice policy that focuses on the development of rice varieties according to the production market strategy between the Ministry of Agriculture and Ministry of Commerce using new agricultural machinery and technology to reduce costs, increase yields, as well as upgrading large plots of rice Meanwhile, there are still some risk factors related to the impact of the Russo-Ukrainian war that has caused the cost of rice production from rising prices of fertilizers and energy, as well as the global economic slowdown since the outbreak of COVID-19.
