Xinhua quoted Chookiat Ophaswongse, president of the Thai Rice Exporters Association, saying concerns about a new outbreak of the new corona virus (COVID-19) globally have spurred rice exports. Thailand.
“The Covid-19 epidemic caused many countries to stock up on food, thereby increasing Thai rice orders. Many rice importers around the world want Thai rice exporters to deliver 100% of their shipments. Book immediately, “Mr. Chookiat shared.
He also said that rice importers often want to deliver 50% of their orders in advance, such as 50% in March and the rest in April. However, they now want to deliver 100% of their orders.
According to Mr. Chookiat, Thailand's export rice price has increased from 410 USD / ton to 450 – 460 USD / ton.
Last week, the price of 5% broken rice reached US $ 470 – 495 per tonne on March 12, the highest level since August 2013 because parts of the rice growing region at the world's second-largest rice exporter have fallen in love. drought.
Meanwhile, 5% rice price in Vietnam and India ranges between 367 – 400 USD / ton. This has led many Thai traders to worry that high prices will reduce demand in overseas markets, according to Reuters.
The president of the association said that if the situation of the Covid-19 epidemic cooled, orders for rice would decrease. “Because of the outbreak of Covid-19, Thai rice has exported very well. We are aiming to export 7.5 million tons this year,” he said.
With the recent increasing demand, Thai rice exports in February are estimated at 630,000 tons.
According to Economy & Consumer
