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Amid the crisis, rice exports are likely to close at just 6 million tonnes, the lowest level in 20 years, the fourth meeting of the National Rice Policy and Management Committee (NDC) approved. “Thai rice strategy 2020-2024” according to the government policy that wants to use the market to lead production
Aiming to make Thailand a leading manufacturer Marketing of world-class rice and rice products with a mission of four key areas: develop at least 12 new varieties over a period of 5 years to meet market demand. Balancing domestic demand and production Reduce production costs from 6,000 to 3,000 baht per rai and increase production efficiency from 465 to 600 kilograms per rai. And accelerate research and innovation to create added value
Despite having a rice strategy But I can not deny that the direction of the Thai rice industry “Tired.” Exporters have to downsize the organization, cut costs, save the business amid the effects of COVID-19. It is a challenge to maintain the first three thrones of the world.
Parboiled rice export – poor white rice
Thailand must address the question of whether Thailand’s greatness is about to become a thing of the past. Because Thai rice exports during the first nine months (January – September) of 2020 decreased by 30% to only 4.04 million tons or an average of 4,400 thousand tons per month. Of previously exported 1 million tons per month
India ranked No.1 with 9.86 million tonnes, a 19.5% increase over the previous year to 8.25 million tonnes, and Vietnam ranked No.3 with 4.99 million tonnes, a 1.9% decrease from 5.06 million tonnes last year.
The analysis showed that “parboiled rice” fell 51% from 1.8 million tons to 8,640 thousand tons. “White rice” fell 40% from 2.3 million tons to 1.41 million tons, plus a 60% drop from 1.45 thousand tons. With only 58,097 tons remaining, it is a worrying group, while “Hom Mali Rice” becomes the only type of rice that is still exported well, with 3.58 thousand tons, 37.4% more than the previous year with 2.61 thousand tons.
Thailand expects to export 7 million tons
Mr. Charoen Laothammatas President of the Thai Rice Exporters Association Bring faculty to area Ubon Ratchathani Province Explore rice planting area in 2020/64 production season, indicating 2021 exports are likely to improve . It is expected to have a volume of 7 million tons.
From the trend of Thai export prices to be lower than competitors Causing rice importers to resort to buying more Thai rice Especially Thai jasmine rice at $ 1,000-800 / ton, fragrant rice from Vietnam $ 514 / ton , Cambodia’s fragrant rice $ 973 a ton and Thai white rice, priced at $ 500 a ton, coming close to Vietnam. 10 USD
Chukiat Opaswong, Honorary Chairman of the Thai Rice Exporters Association, said that the 2021 rice export trend has picked up as the major export markets, especially Africa, still want to import more rice from the downward direction of prices this year.
However In the future, Thai rice is vulnerable to Myanmar and China. Because Thailand has few varieties of rice to compete in the world market. And the quality of rice has declined.The yield per rai is as low as 300-400kg per rai, while Vietnam has 9 varieties of rice to market, such as ST25, 504, which provides high yield per rai and good quality.
1 million tons of extra rice
From the results of this 2021/2020 rice production survey, Thailand is expected to have an area of 60-61 million rai, with an increase of 6-10% from 24 to 25 million tons of rice. With increasing rains
Mr. Pramote Charoensilp, President of the Thai Farmers and Farmers Association, said that rice production is expected to increase in the 2020/64 production season. So far, the central and northern regions have harvested between 70 and 80%, while Hom Mali 105 will be harvested in mid-November. The price of paddy rice is constantly falling (graph) due to the large production. Thai exports decreased. And lots of rice broth But farmers still benefit from the income insurance scheme.
Stock sales can’t turn money on time
While Mr. Hasadin Suwatthanaphongchet Secretary General of the Thai Rice Mills Association said this year’s trend is expected to increase production. The mill still proceeds to buy normally according to the market price and moisture value.
But steelmakers still face liquidity problems. As the value of rice declined, the value of stocks decreased. I need to hurry to drain the rice. Cash flow is not on time Therefore, they want financial institutions to delay loan repayment rules. And requesting a new loan to make the mills more liquid
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