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Thailand’s rice exports on upward trajectory thanks to higher demand

Thailand's rice exports are expected to reach 600,000 to 650,000 tonnes in May on pending delivery contracts, following higher rice demand and the weakening baht.
Thailand’s rice exports on upward trajectory thanks to higher demand ảnh 1A farmer in Mae Hong Son province threshes rice paddy in 2017. (Photo: Bangkok Post)
Bangkok (VNA) - Thailand's rice exports areexpected to reach 600,000 to 650,000 tonnes in May on pending deliverycontracts, following higher rice demand and the weakening baht.

According to President of the Thai Rice ExportersAssociation (TREA) Charoen Laothamatas, Thailand exported 2,291,916 tonnes ofrice worth 39.44 billion THB (1.14 billion USD) in the January-April period, up52.7 percent and 36.4 percent year-on-year, respectively.

However, in April alone, Thailand exported 548,636tonnes of rice worth 9.97 billion THB, down 15.3 percent and 10 percentmonth-on-month, he said.

He said the decline in April rice exports were dueto rising domestic prices, which led to a hike in the export prices. As a result, rice importers delayed purchase and delivery.

Earlier, TREA forecast that the total export volumewill likely be at least 8 million tonnes this year, well over the target of 7million tonnes, and export value is estimated at 130 billion THB, up from 110billion THB last year.

Thailand shipped 6.11 million tonnes of rice lastyear, up 6.68 percent from 5.73 million tonnes in 2020./.
VNA
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