thai rice
- Thailand News
Thai rice redemption price drops ahead of farming season
The upcoming farming season in Thailand, set to start this month, is witnessing a significant drop in the rice redemption price. This sharp decline, according to the Thai Agriculturist Association, is primarily due to market mechanisms and an oversupply of rice, particularly a Vietnamese variety. Agriculturist Association President Pramote Charoensilp noted that during the first crop season of the year,…
- Thailand News
Decade-old rice prompts questions about health risks
In an urgent call to the authorities, a rice specialist has sounded the alarm over the government’s plans to distribute a decade-old rice stockpile to the public, highlighting serious health risks. This comes in the wake of Deputy Prime Minister and Commerce Minister Phumtham Wechayachai’s inspection of two Surin province warehouses on March 14, where he declared the 10 year…
- Thailand News
Decade-old Thai rice from controversial scheme found fresh
Deputy Prime Minister and Commerce Minister Phumtham Wechayachai conducted a rice inspection following an invitation from the Association of Thai Agricultural Product Surveyors. The association, keen to dispel allegations regarding the quality of rice held under the contentious rice-pledging scheme, orchestrated an eventful visit to warehouses owned by Poonpon Trading Ltd and Kittichai Ltd in different districts of the northeastern…
- Business News
Thailand to boost rice exports to Hong Kong and China
An upward trend in rice exports from Thailand to Hong Kong and China is anticipated this year, with a particular demand for riceberry and brown rice. This expectation is driven by the global economic recovery and a discerning preference for high-quality rice grains. Thailand is also aspiring to establish a distribution centre in Shenzhen to bolster its market presence. The…
- Business News
Thai rice exporters stir in choppy waters as challenges loom ahead
Rice exporters in Thailand are bracing for a challenging year ahead due to a host of risk factors, including fluctuating exchange rates, waning competitiveness of Thai rice, fierce price competition, the potential impact of the El Niño weather phenomenon, and India’s restrictive export policies, as reported by the Thai Rice Exporters Association. The association’s honorary president, Chookiat Ophaswongse, referred to…
- Business News
Thailand’s rice exports expected to drop 14.4% amid global competition
A projected drop of 14.4% in Thailand’s rice exports is anticipated for this year, due to a combination of reduced production and increased global competition, as reported by the Foreign Trade Department. The department’s director-general, Ronnarong Phoolpipat, revealed that the estimate of 7.5 million tonnes of rice exports this year was jointly made with the Thai Rice Exporters Association. This…
- Thailand News
German president visits rice fields in Isaan and North Thailand
German President Frank-Walter Steinmeier embarked on a journey to Thailand’s rice fields in Ubon Ratchathani and Chiang Rai. The two Thai provinces boast over 4.2 million rai of rice fields. President Steinmeier and his delegation paid a visit to the Suan Ta Rom Demonstration Farm in Trakan Phuet Phon district, Ubon Ratchathani. The 35-rai (56,000 square metres) integrated farmland showcased…
- Business News
Thai commerce minister targets US for premium rice exports boost
Thai Commerce Minister Phumtham Wechayachai, during his visit to the US, affirmed his determination to boost exports of premium rice and other food products from Thailand. His ambition is to amplify exports of rice and food items from the Land of Smiles by 1.75 billion baht. The US, Thailand’s second largest trading partner and the principal importer of Thai hom…
- Thailand News
Rice-rumble rocks markets: Thailand anticipates 15% export dip, global repercussions loom
In a rice-rumble that could shake global markets, Thailand’s rice exports are poised to plunge by a staggering 15% this year. Thailand, the rice heavyweight, is set to face a double whammy. Chookiat Ophaswongse, the honorary president of the Thai Rice Exporters Association, predicts a dip in demand from Indonesia, last year’s top buyer. “Indonesia, after its presidential election next…
- Thailand News
Thai rice purity at risk due to popularity of foreign strains
Thai rice finds itself in a perilous position as the purity of its strains is at risk due to the rising popularity of foreign rice strains smuggled from neighbouring countries, warns the nation’s agriculture minister, Thammanat Prompow. Speaking at the annual Thai rice conference organised by the Thai Rice Foundation Under Royal Patronage, Thammanat expressed his worries about the future…
- Thailand News
Thai farmers warned against smuggling uncertified Vietnamese rice strains
Thailand‘s Agriculture and Cooperatives Minister Captain Thamanat Prompow, cautioned local farmers against cultivating or smuggling uncertified Vietnamese rice strains. The warning, issued yesterday, December 8, comes in light of potential complaints from Vietnam, which could negatively impact Thailand’s reputation and bilateral relations. Despite the higher yield per area of Vietnamese rice strains providing increased income for farmers, the minister emphasised the…
- Thailand News
Thai rice absence from World’s Best Rice 2023 comp sparks debate
The online community is embroiled in a heated debate following the omission of Thai rice from the top three spots in the World’s Best Rice 2023 competition. This has sparked questions about the quality of Thai rice, a key export and a source of national pride. However, it has been revealed that Thailand did not participate in this year’s competition…
- Business News
El Niño effect forecasted to lower Thai rice production in 2023-24
The Agricultural Economics Office of the Agriculture and Cooperatives Ministry in Thailand forecasted a decline in rice production for the 2023-24 harvest season. The expected drop is approximately 871,000 tonnes, a decrease of 3.27%, totalling 25.8 million tonnes. This significant decrease is primarily due to the effects of the El Niño weather phenomenon. Deputy Secretary-General of the Agricultural Economics Department,…
- Business News
Thai rice body urges government to focus on new rice strains
The Thai Rice Exporters Association is calling on the new government to avoid manipulating rice market prices and instead focus on the strategic production of new rice varieties. Chookiat Ophaswongse, the association’s honorary president, emphasised the importance of developing new rice strains to maintain competitiveness with other exporting nations. “This is crucial for the future of Thai rice. Following roadshows…
- Thailand News
Rice prices spike threatens farmers in Thailand
An increase in rice prices is causing concern for local farmers and rice millers in Uttradit, Thailand. The Agricultural Cooperative of Uttradit City Limited, known for producing and selling the “Good Udom” brand of bagged rice, is currently facing a shortage of husked rice. This crisis is due to large-scale rice millers purchasing at high rates, causing the price of…
- Thailand News
Thai Rice Trade Associations commit to stabilise retail prices despite market changes
Conversations between the Director-General of the Internal Trade Department and the Thai Associations of Rice Millers and Rice Entrepreneurs Association aim to stabilise rice prices, thus easing household expenses for consumers. Wattanasak Sueaiam, the Director-General, revealed yesterday that these industry bodies have been asked not to increase retail prices, despite market factors. However, ultimate decisions will be influenced by the…
- Thailand News
Lost in translation: Foreign women turn Thai rice steamers into hilarious hats
Thai netizens expressed their admiration and laughed at two foreign women who mistook Thai-style bamboo sticky rice steamers for hats. They bought them from a local vendor who could not communicate very well due to the language barrier. A Thai man named Surat Seehabut shared pictures of the two European women wearing hats which looked like weaving baskets. The caption…
- Business News
Global Thai rice export forecast to surpass 8 million tonnes
The appeal for Thai rice continues to be significant globally, with both Indonesia and Bangladesh expressing their aspirations to buy the grain through G2G or government-to-government contracts. Ronnarong Phoolpipat, head of the Foreign Trade Department, stated that the immense global demand for Thai rice is likely to boost exports to surpass 8 million tonnes this year. The department has plans…
