Thailand is expected to export more quantity of rice this year

17-Oct-2024 06:21 PM

Bangkok. Due to India's long absence from the global export market of normal category white (raw) rice, Thailand got a good opportunity to increase its rice export and hence more quantity of rice is expected to be shipped from there by the end of the current year as compared to last year.

The President of the Thai Rice Exporters Association is confident that despite the flood crisis, the export performance of rice will be better.

The picture of the impact of flood on rice production is not yet completely clear. The paddy crop in the country's most important rice producing division - the Northeast region, has not been much affected by this flood.

According to the association, last year about 320 lakh tons of paddy was produced in Thailand, whereas in the current year it is expected to increase to 330-340 lakh tons.

Although the paddy crop is expected to be partially affected by heavy rains and floods in the lower areas of the northern region, but when the flood water recedes, the condition of the crop can become normal to a large extent.

There, the production of jasmine rice in particular could have been affected if there had been a more severe flood in its major producing province Ubon.

According to the association, in the first nine months of the current year, i.e. from January to September 2024, Thailand exported about 70 lakh tonnes of rice, while it still has some more orders.

But now India's return may create difficulties in its way and especially the export performance of rice may remain weak next year.

In the absence of India, Thailand had increased the export offer price of rice significantly and despite this, it exported well from there.

But now the export offer price has started coming down because India's white rice is available at a lower price than that.