World

Thailand: Rice exports drop 23 percent in first quarter

Thailand’s rice exports plunged by 23 percent year-on-year in the first quarter of 2021 to 1.13 million tonnes due to its higher prices than those of competitors.
Thailand: Rice exports drop 23 percent in first quarter ảnh 1Illustrative photo (Source: APF/VNA)

Bangkok (VNA) – Thailand’s rice exports plunged by 23percent year-on-year in the first quarter of 2021 to 1.13 million tonnes due toits higher prices than those of competitors.

According to Charoen Laothammatas, president of the ThaiRice Exporters Association, export value from January to March dropped to 21.8billion THB (some 700 million USD), down 23.6 percent from the same period lastyear.

As reported by the local newspaper Bangkok Post, factorsbehind the high rice prices include the strong baht, higher freight costs andlower domestic supply caused by drought, which lasted for two consecutiveyears.

In March alone, Thai rice exports fell 25.8 percent to302,668 tonnes, with value down by 18.8 percent to 6.26 billion THB from thesame period last year.

Thailand is the world's third largest rice exporter afterIndia and Pakistan.

Charoen said Thai rice exports were expected to rise to400,000 tonnes in April, compared to India. He expected better rice exportprospects in the third and fourth quarters and hoped to see more supply in therainy season.

If domestic output rises, domestic prices will fall,enabling Thailand to better compete with India.

The country aims to export 6 million tonnes of rice thisyear./.
VNA
#Thailand’s rice exports#Charoen Laothammatas#Thai Rice Exporters Association#Bangkok Post#Vietnam News Agency#vietnamplus
Follow VietnamPlus

Related News

Thailand promotes geographical indication registration abroad

Thailand promotes geographical indication registration abroad

Thailand is quickening the registration of geographical indication (GI) for its products in four countries to prevent foreign sellers from claiming they make the products, with the hope to increase Thai exports during the COVID-19 pandemic this year.

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.