India’s control on rice exports, new orders from Iraq a boon for Thai rice industry
Published on: September 11, 2022.
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The Thai Rice Exporters Association said on Sunday that thanks to these developments, Thailand’s total rice exports could reach 8 million tonnes.
Chukiat Opaswong, the association’s honorary chairman, said India’s recent ban on the export of broken rice and imposition of a 20 per cent duty on shipments of white and brown rice could benefit Thailand as it would bring the price of Indian rice close to that of Thai rice.
“This will encourage customers to switch to Thai rice due to superior quality and on-time delivery,” he said.
Chukiat added that Indian white rice, which went for US$340 per tonne, now costs $390-$400 per tonne, while Thai white rice is priced at $420 per tonne.
He said India has imposed these measures to curb exports because rice harvests in the country have plummeted due to a severe drought and there may not be enough rice for domestic consumption.
The association had initially estimated Thailand’s total rice export this year at 7.5 million tonnes, up from 6.1 million tonnes in 2021.
“With India’s new measures in effect, we expect their rice export to drop to 17 million tonnes from 21 million tonnes recorded last year. This missing ratio will go to other exporters like Vietnam, Myanmar and Thailand,” he said.
Source: https://www.nationmultimedia.com/thailand/economy/40020408
