World

Price of Thai rice reaches 425 USD per tonne on global market

The Thai Rice Exporters Association has revealed that the price of Thai rice has reached 425 USD per tonne, due to the decreasing supply of rice on the global market.
Price of Thai rice reaches 425 USD per tonne on global market ảnh 1Thai rice for sale at a market in Bangkok (Photo: AFP/VNA)

Bangkok (VNA/NNT) - The Thai Rice Exporters Association has revealed that the price of Thai rice has reached 425 USD per tonne, due to the decreasing supply of rice on the global market. 

Honorary President of Thai Rice Export Association, Chukiat Opaswong said on May 30 that prices of rice worldwide have been increasing as global rice supplies are declining.

Thailand has been able to raise the price from 365 dollars to 425 dollars per ton over the past two months.

Even though Vietnamese rice is sold at a price of 45 USD cheaper, demand for Thai rice continues to grow especially in Iraq, Iran and African countries.

Chief Executive Officer of the Rice Trader Ltd Jeremy Swinger expressed his belief that the price of Thai rice would not decline because of the stable demand. The price is even likely to go up by another 20 USD in the next three months.

Despite the growing demand, Thai rice exports to Hong Kong have declined. Kenneth Chan, Chairman of the Hong Kong Rice Merchants Association, has suggested Thailand do more to promote Jasmine rice among Chinese consumers because Jasmine rice is generally more popular than other strains.-VNA/NNT

VNA
#Thai Rice Exporters Association#Thai rice#Vietnamese rice#rice exports#Jasmine rice#Thailand
Follow VietnamPlus

Related News

Thailand - biggest food exporter in ASEAN

Thailand - biggest food exporter in ASEAN

Thailand earned 24 billion USD from export of food in 2016, making the country the biggest food exporter in ASEAN and 12th in the world, according to the University of Thai Chamber of Commerce.
Thailand promoted as world's rice trade centre

Thailand promoted as world's rice trade centre

Thailand rice convention 2017 was held from May 28-30 by the Department of Foreign Trade in collaboration with related organisations from both the public and private sectors.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.