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6.7% growth in 2021 rice export pushes Thailand up in world ranking

Thailand became the world’s third-largest rice exporter by shipping 6.12 million tonnes of rice last year, up 6.7 per cent year on year, Charoen Laothamatas, president of the Thai Rice Exporters Association, said on Monday.

“Though the export volume has increased, the total value of exported rice in 2021 dropped 7.1 per cent from the previous year, or from $3.7 billion [THB116.04 billion] to $3.4 billion [THB107.75 billion],” he said.

Meanwhile, India still remains the top rice exporter for four consecutive years with 19.5 million tonnes of rice exported in 2021, up 33.9 per cent year on year. Vietnam came in second with 6.24 million tonnes exported last year, dropping 5.2 per cent year on year. Pakistan and the United States, meanwhile, are in fourth and fifth places, with 3.93 million tonnes and 2.85 million tonnes of rice exported in 2021, respectively.

6.7% growth in 2021 rice export pushes Thailand up in world ranking

The Thai Rice Exporters Association also reported that in December 2021, Thailand exported 729.12 tonnes of rice valued at THB12.5 billion, down 3.5 per cent and 1.9 per cent respectively from the same period in the previous year.

“Rice export dropped towards the end of last year in both quantity and value because buyers tend to slow down after they have built up a stock of rice,” Charoen said.

Thailand’s biggest rice buyers in 2021 include China, Japan, United Arab Emirates, the Philippines, Congo, Syria, Benin and Angola.

“We expect rice export in January to be around 700,000 tonnes, while the target for 2022 is set at 7 million tonnes,” said Charoen. “Positive factors for rice export this year include the recovery of the global economy, increasing demand in Africa, Asia and the Middle East, and our estimate that the baht will stay steady at THB33 per US dollar, which will make our price competitive against other exporters.”

Published : February 01, 2022