thai rice

  • Thailand News

    Fears mount as Thailand’s 10 year old rice set to hit Nigeria

    Growing concerns and fears are emerging in Africa’s most populous country over the possibility of Thailand’s 10-year-old stored rice entering the Nigerian and African markets. This comes after the Thai government announced plans to sell it to the public, BusinessDay Nigeria has reported. Thailand plans to auction 150,000 sacks of rice that have been kept in warehouses for 10 years,…

  • Thailand News

    Thai govt plans to ‘rice’ to the occasion with decade-old grain auction

    The Thai government expressed a strong intent to auction off the last remaining stocks of decade-old rice. This move is in line to replenish the state coffers, as made clear by Deputy Prime Minister and Commerce Minister Phumtham Wechayachai, in a recent Facebook post. The aged rice in question is part of the controversial rice-pledging scheme initiated during the administration…

  • Thailand News

    Military’s risky rice plan revealed

    Thailand’s Defence Minister Sutin Klungsang unveiled a bold plan regarding the nation’s rice surplus, promising to purchase rice stored under a contentious scheme. Responding to the alleged disclosure by Deputy PM and Commerce Minister Phumtham Wechayachai, Sutin confirms that a portion of the 15,000-tonne rice stockpile could be destined for the bellies of military personnel. Sutin addressed concerns about oversupply.…

  • Thailand News

    Ricegate scandal: 10 year old rice stockpile unsafe for consumption

    The Thailand Consumers Council (TCC) demanded rigorous quality and safety checks for a colossal 15,000 tonnes of jasmine rice, stockpiled since 2014 under the controversial rice-pledging scheme. The council, joined by an academic from Chiang Mai University, fears the rice may be laced with harmful chemicals, rendering it unfit for human or animal consumption. Deputy Chief of the TCC’s policies…

  • 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

    Vietnam’s rice exports projected to decline amid quality shift

    A downward shift is projected for Vietnam’s rice exports in the current year, with estimates ranging between 6.5 and 7.0 million metric tonnes. This is a noticeable drop from the previous year’s record high of 8.1 million tonnes, as reported by the Vietnam Food Association. Vietnam, ranking third globally in rice exports after Thailand and India, indicated a strategic shift…

  • 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…

  • Business News

    Thai ministry propels rice trade growth with G2G agreements

    The Ministry of Commerce in Thailand is set to discuss the potential sale of a massive 1 million tonnes of rice to Indonesia tomorrow, under a government-to-government (G2G) agreement. This comes with a commitment to further engage in similar discussions about rice sales with China. Commerce Minister Phumtham Wechayachai revealed that the head of the Foreign Trade Department has been…

  • 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…

  • Thailand News

    Sticky rice bonanza: Thai community in Nakhon Phanom cashes in on Khao Mao harvest

    The annual rice harvest has proven to be a golden opportunity for the Thai community in Nakhon Phanom in northeastern Thailand. This is especially true for a group of people who are making a substantial income by producing and selling traditional sticky rice known as Khao Mao. This business generates several million baht every year. One such group is led…

  • 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…

  • Economy News

    Global rice trade shook by El Nino, politics, and embargo in Thailand

    In the face of mounting global food security concerns, the impact of El Niño weather patterns and international political disruptions are causing serious upheavals in the farming landscape, particularly in major global rice-producing countries. Compounding the issue is Russia’s recent withdrawal from a vital agreement, which previously ensured the uninterrupted transport of Ukrainian grain goods through the Black Sea region.…

  • 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…