News reports from the Thai Rice Exporters Association said that from the data from the Customs Department, it was found that during the first two months (Jan.-Feb.) 2022 compared to the same period last year. Thailand exported 1,095,671 tons of rice, an increase of 28.9% from the previous year at 849,810 tons, with a total value of 18,383.2 million baht (USD 556.4 million), an increase of 16.1% from the previous year’s value of 15,836.3 million baht (531.8 million USD).
In February 2022, exports were 635,919 tons, valued at 10,396 million baht, an increase of 38.3% and 30.2% respectively compared to January. 2022 with a volume of 459,752 tons, valued at 7,987 million baht, as importers rushed to import rice to keep stock Because of concerns about the uncertainty of the conflict between Russia and Ukraine that is expected to affect market conditions including international transport
Compared to February 2022, white rice exports totaled 355,956 tons, an increase of 36.97 percent from the previous month. Most of them were sent to Iraq, China, expected in March. By 2022, rice exports will be around 700,000 tonnes as key importing countries in the Middle East (eg Iraq, Iran), Asia (eg China, Japan) and Africa continue to have a steady demand for rice imports. This is to ensure there will be enough rice for domestic consumption during the ongoing conflict between Russia and Ukraine. This caused tightness in important grain products such as corn and wheat, resulting in increased demand for rice to replace the two products.
In addition to the situation of Thai rice prices during this period is quite stable. due to the depreciation of the baht As a result, the price of white rice at 5% of Thailand as of March 30, 2022 was at USD 426 per ton. Meanwhile, the price of white rice for 5% of Vietnam, India and Pakistan are at 418-422, 343-347 and 358-362 USD/ton, respectively. Thai parboiled rice price is at 441 USD/ton. While Indian parboiled rice and Pakistan at 363-367 and 386-390 USD per ton.