The Thai rice price situation tends to be high.

Government House, The Prime Minister held the NBTC meeting No. 1/66 to ensure that rice production was maximized. Meanwhile, the trend of the Thai rice situation is at a high level. Along with setting up 3 sub-committees to support the work of NCB.

Mr. Chai Watcharong, Spokesman of the Prime Minister's Office Announcement of the results of the meeting of the National Rice Policy and Administration Committee (NBK), chaired by Mr. Settha Thavisin, Prime Minister and Minister of Finance, said the Prime Minister gave the policy regarding rice, which is considered the main commodity crop of Thai people. And there are many sectors involved. Regarding the development of rice cultivation for higher yields per rai. The rule of law must be taken into account in order to help all rice-growing citizens. The meeting resolved to approve the appointment of 3 sub-committees to support the operations of the NCB. Consisting of 1. Subcommittee on National Rice Policy and Administration on Production with the Minister of Agriculture and Cooperatives Being the chairman of the subcommittee Responsible for proposing guidelines, plans, projects and measures to solve problems. and develop rice production and farmers suitable for the NCB in order to have a positive effect on the development of the country's overall rice production system. Including coordinating, following up, and supervising the implementation of the project plan to meet the specified goals.

Spokesman of the Prime Minister's Office said 2. National Rice Policy and Administration Sub-Committee on Marketing with the Minister of Commerce Being the chairman of the subcommittee Responsible for proposing plans, projects, measures, and guidelines for appropriate rice marketing operations to the NCB to ensure fairness and good results. to the overall rice trade system Propose guidelines for promoting appropriate rice marketing research studies to the NCB. Approve plans, projects, and measures related to marketing. Including coordinating, monitoring, and supervising the implementation of plans and projects to meet the specified goals and 3. Subcommittee to monitor and supervise rice management at the provincial level. with provincial governor Serves as the chairman of the sub-committee, responsible for monitoring, supervising, solving problems, and managing rice in both production and marketing at the provincial level to be efficient. And it went smoothly, selecting and approving rice traders who would like to receive interest compensation support for entrepreneurs buying paddy rice from farmers. According to the project, interest compensation will be given to rice traders for keeping stocks.

“For the matter of changing the name of Jasmine rice outside the area to Jasmine rice. The meeting assigned the Ministry of Commerce Ministry of Agriculture and Cooperatives Farmer's representative Representative of rice traders and related government agencies Let's discuss together to find an appropriate solution. About the name change Jasmine rice outside the area 20 provinces in the northeastern region and 3 northern provinces (Chiang Mai, Chiang Rai, Phayao) are considered "jasmine rice" and will be presented to the NCB for further consideration," Mr. Chai said.

A spokesman for the Prime Minister's Office said that the meeting was aware of the world rice and Thai rice situations. As for the Thai rice situation, The Office of Agricultural Economics (as of October 2023) forecasts rice production for the production year 2023/24. Overall, production is 32.35 million tons of paddy rice, a decrease from the previous year of 2.08 million tons of paddy rice (-6%). This year's crop yield is 25.57 million tons of paddy rice, a decrease. Decreased from the previous year by 1.14 million tons of paddy rice (-4%). Secondary rice production was 6.78 million tons of paddy rice, decreased from the previous year by 0.94 million tons of paddy rice (-12%). The production tends to decrease because Thailand is affected by El Niño. causing the amount of rain to be less than normal As a result, some areas can only grow rice in one annual crop. and the yield per rai tends to decrease.

“Thai rice exports Compared with major exporting countries, in 2023 (Jan.-Sept.), India is the number 1 rice exporter in the world, approximately 14.87 million tons, followed by Vietnam 6.26 million tons, Thailand 6.08 million tons, Pakistan 1.98 million. tons and the United States 1.49 million tons, with India's rice exports decreasing (-3%) due to measures to limit rice exports. To control domestic rice prices, Vietnam increased rice exports (+33%) due to orders from the Philippines. and Indonesia increased significantly. Thailand's rice exports increased (+12%) due to a large increase in orders from Indonesia. Including benefiting from India's ban on white rice exports and Pakistan, rice exports decreased (-37%) due to limited rice supplies. from the severe flooding last year,” said a spokesman for the Prime Minister's Office.

Mr. Chai said that for Thailand's important rice export market in 2022 - 2023 (Jan.-Sept.), export proportion in 2023 (total 100%), Thailand is the number one exporter of white rice. Accounting for 53 percent of the total Thai rice export volume. Important countries that import white rice are Indonesia, Iraq, Malaysia, Japan, Mozambique, followed by parboiled rice at 19%. Important countries that import parboiled rice are South Africa, Bangladesh, Yemen, Benin, Cameroon, Thai jasmine rice 18%. Countries that import Thai jasmine rice. Important ones include the United States, Senegal, Hong Kong, Canada, China, Thai fragrant rice 6%, sticky rice 3%, and brown rice 1%. Thai rice prices compared to last year Prices of all types of paddy increased by an average of 24%.

A spokesman for the Prime Minister's Office said that jasmine rice is 14,800-16,000 baht per ton, averaging 15,400 baht per ton, an increase from last year at 13,599 baht per ton (+13%). Pathum Thani rice is 12,500-13,000 baht per ton, averaging 12,750 baht per ton, an increase. From last year at 10,687 baht per ton (+19%), rice paddy at 11,300-11,800 baht per ton, average 11,400 baht per ton, increased from last year at 8,984 baht per ton (+27%), sticky rice at 12,500-14,800 baht per ton, average 13,800 baht per ton, an increase from last year at 9,968 baht per ton (+37%)

“The Thai rice price situation tends to be high, with positive factors 1. Domestic rice consumption tends to increase. from the country's economy that is recovering causing domestic tourism to improve Resulting in stimulating domestic consumption. 2. Thai rice exports are likely to meet the target of 8 million tons from 2.1 India has measures to ban the export of non-basmati white rice. As a result, Thai rice is in greater demand in the market. 2.2 The baht depreciates. As a result, Thai rice export prices are competitive in the world market. 2.3 Foreign markets tend to increase rice imports. to create food security While negative factors 1. El Niño phenomenon which will cause a period of lost rain. and may affect the quantity and quality of rice products that will be released to the market. 2. The world economic situation and trading partners may have decreased purchasing power due to inflation problems,” Mr. Chai said.

A spokesman for the Prime Minister's Office said that the meeting acknowledged progress in implementing the Thai Rice Strategy 2020 - 2024 according to the main important goals: 1. Reduce production costs/average yield per rai. Reduce production costs by no more than 3,000 baht/rai or 6,000 baht/ton, with progress at 3,433 baht/rai or 5,787 baht/ton, average yield per rai 600 kg./rai (from 465 kg./rai) with Progress is at 593 kg/rai. 2. Responding to the diverse needs of the rice market. There is progress. Organize a new rice variety contest The Thai Rice Exporters Association, together with the Rice Department, has given awards to 9 varieties (1 rice variety has been certified, namely RD 95 or Dok Chao Phraya). In the process of preparing soft rice product standards. 3. Adding new varieties of rice. No. Less than 12 varieties. Progress: The Rice Department has certified 13 varieties, including 1. 3 varieties of soft rice, 2. 7 varieties of hard rice, 3. 1 variety of Thai fragrant rice, 4. 1 variety of high nutrition rice, 5. 1 variety of sticky rice.

Source: Thai News Agency