Thailand’s rice exports remain gloomy this year
Thailand’s rice exports are expected to recover slightly from an estimated 5.8 million tonnes in 2020, which was the lowest in 20 years due to weak global purchasing power caused by the COVID-19 pandemic, a container shortage and the strong baht.
Packs of Thai rice (Photo: VNA)Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association (TREA), said he believes that rice exports will reach 6.5 million tonnes at best this year, up from an anticipated 5.8 million tonnes worth 110-120 billion baht (3.65-3.98 billion USD) in 2020.
Rice exports remain gloomy this year, as consumers worldwide are likely to opt to save their money and buy rice at cheaper prices, he stated.
He took Malaysia as an example as the country has now started buying more rice from India with cheaper prices, instead of Thailand and Vietnam.
According to him, the container shortage is another obstacle for rice export prospects, citing the Thai National Shippers’ Council’s expectation that the container shortage will last six months.
About half of rice exports now rely on shipping containers. The container shortage in Thailand has intensified since June 2020 after China announced an easing of lockdown measures and Vietnam ramped up its exports.
Thailand is estimated to face a shortage of more than 1.5 million containers, according to the council./.
You should also see
PM urges stronger cooperation between Vietnamese, Chinese Ministries of Justice
Prime Minister Pham Minh Chinh has requested the Ministries of Justice of Vietnam and China to foster cooperation and mutual support, making them to be on a par with the height of the bilateral relations.
See more
World
Indonesia’s Mount Ruang continues to emit ash
After a series of eruptions earlier this week that forced thousands to evacuate, Mount Ruang in North Sulawesi, Indonesia, continued to emit ash on April 19 afternoon.
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
