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RICE EXPORTS FALL 16.7% IN JANUARY
The Thai Rice Exporters Association has reported that exports in January amounted to 961,859 tonnes worth Bt15.39 billion, falling 16.7 per cent and 13.8 per cent respectively from the previous month (December), which posted 1,154,219 tonnes in exports valued at Bt17.87 billion.
The drop in January rice export was mainly caused by the strengthening baht, resulting in higher prices for Thai rice, especially Hom Mali rice, with some buyers delaying their purchases.
Exports of Hom Mali rice in January this year stood at 146,822 tonnes, down 32.9 per cent compared to December last year. Major export markets were the US, China, and Hong Kong.
The association expected further decline in rice exports in February to about 800,000 tonnes, with Indonesia as the major importer.
The association on February 28 announced the price of 100 per cent Hom Mali rice at US$1,135 per tonne while the price of similar produce in Vietnam was about $650 per tonne, and $880 per tonne in Cambodia.
