BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: Thai rice export prices fell to a more-than-one-year low this week pressured by quiet demand and competition from cheaper rivals, while India prices edged higher on a stronger rupee, despite sluggish demand from Asian and African buyers. Thailand’s 5% broken rice was quoted at $550-$560 per ton, the lowest level since July […]
By Kristina Maralit PRESIDENT Ferdinand Marcos Jr. expressed optimism on Tuesday that the cost of rice would stabilize consistent with current prices in Southeast Asia. “So, I think as the time goes on, that should improve,” the President said during a sectoral meeting on managing food and non-food inflation in Malacañang, noting rice prices seem […]
The price of rice and paddy in Thailand has experienced a significant decline in recent months, driven by a combination of global market factors and the strengthening Thai baht. The Thai Rice Mills Association reported that the average price of paddy rice has decreased by 1,000 baht per ton, while the price of rice has […]
Bob Scott Thailand’s rice exports are teetering on the edge of crisis with looming threats from a strong baht and potential policy changes in India. The Thai Rice Exporters Association has cast a shadow over next year’s outlook, predicting exports might flop below the eight million tonnes mark. Chookiat Ophaswongse, the association’s honorary president, revealed […]
Strong baht and more competition from India expected to affect sales. Thailand’s rice exports are likely to total less than 8 million tonnes next year based on a host of risk factors hampering their competitiveness, such as the strong baht and the possibility of India lifting its export restrictions at year-end. Chookiat Ophaswongse, honorary president […]
Thailand’s rice exports rose 21.97% in the first seven months of 2024 compared to a year earlier, driven by rising global demand as rice-importing countries seek to secure stocks amid food security concerns. Hanoi (VNA) – Thailand’s rice exports rose 21.97% in the first seven months of 2024 compared to a year earlier, driven by […]
By Vietnam News Agency Thai rice prices fell to their lowest in over a year as bidders were forced to reduce their high prices in a recent auction held by Indonesia, while Indian rice export prices extended losses this week to hit an eight-month low. Thai 5% broken rice fell to the range of $550 […]
Thai bidders lose out to other exporters in Indonesian auction. Thai rice prices fell to their lowest level in over a year as bidders were forced to reduce their high prices in a recent auction held by Indonesia, while Indian rice export prices extended losses this week to hit an eight-month low. Indian 5% broken […]
The Rice Department wants to increase the profile of Thai rice on the global stage, by promoting unique strains with certified, geographical indication (GI) labels to a wider market. Several farming communities in Phatthalung and Trang in the South, as well as Phayao in the North, have achieved successes in developing unique, premium rice-based products […]
The value of rice exports in the first half of this year came in at 118.67 billion baht (US$3.30 billion), of which 23.16 billion baht (US$644 million) was generated in June alone. Representative photo of rice cultivation and increased Indonesian demand for it. PHOTO: THE NATION BANGKOK – Thailand’s rice exports surged in June, driven […]
