Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Thai Rice Exporters Warned To Closely Monitor Vietnam Rice
BANGKOK, Oct 8 (Bernama) -- Thai rice exporters need to keep a close watch on Vietnam since its rice will turn to become a key rival again next year, according to Kasikorn Research Center.

According to a report by Thailand News Agency (TNA), the leading think tank said the Thai rice export situation had began to recover this year because the rice output in Vietnam had dropped due to an outbreak of insect epidemics.

The Vietnamese government had reduced rice exports and suspended rice exports in the third quarter of this year so that the rice supply is sufficient for local demand, without driving local rice prices too high.

Because of this, it is an opportunity for Thai rice exports to regain a certain market share, particularly of white rice.

However, KRC projected that next year Vietnam would become a key variable factor for the Thai rice export direction in terms of volume value.

So, it is necessary for Thai rice exporters to closely monitor Vietnam's rice production in 2007/08 and the country's rice export policy.

What Thailand needs to closely watch in the long run is Vietnam?s research and development of rice, particularly improvement in its production of fragrant jasmine rice, stockpile system, process of sorting out and standardising rice, and the logistics system.

With such developments, KRC said, Vietnam would emerge as a key rival to Thailand for the export of quality rice, particularly 100 percent rice and fragrant jasmine rice.

In the next few years, Thailand and Vietnam have the policy to accelerate in improving production efficiency and logistics systems to maintain and improve rice quality and reduce transport costs.

KRC suggested the Thai private sector promote research and development focused on rice products for health, which had gained increased popularity in the market.
MGR Archive 9.10.2007
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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