Rice and cassava exports in the first quarter surge in line with global market demand

Rice and cassava export volume

Mr. Ronnarong Poolpipat, Director-General of the Department of Foreign Trade, Ministry of Commerce, revealed that Thailand’s rice and cassava exports in the first quarter of 2023 continued to expand well. Rice exports amounted to 2.06 million tons, an increase of 18.48% or 321,625 tons from the same period of 2022.

While the value is 38,066 million baht, an increase of 29.26% or 8,616 million baht, with the main export market being Iraq, accounting for 16.38% of the total Thai rice export volume, followed by Indonesia at 13.08%, the United States at 8.62%, South Africa at 8.24% and Senegal at 5.86%.

The reason for the significant increase in rice exports is because countries in Asia and Africa, such as Indonesia, Bangladesh, Iraq, South Africa, and Senegal, continue to import rice to meet their domestic rice demand and maintain food security.

In addition, in 2023, the Ministry of Agriculture and Cooperatives predicts that the amount of Thai rice production will increase from sufficient water. The second-crop rice production will be released to the market in large quantities during March – April 2023, making the price of Thai rice competitive, even though the price of Thai white rice is still about $60 per ton higher than Vietnam.

Cassava product exports amounted to 3.29 million tons, up from the same period in 2022.
Previously 7.17% or 220,000 tons, while the value was 39,982.93 million baht, an increase of 4.81% or 1,834.15 million baht.
The top 3 export products are:

• No. 1 is cassava pulp or cassava pellets, exported 1.74 million tons, accounting for 53.06% of the export volume.
  All cassava, main export markets are China, 98.64%, Netherlands, 0.86%.
  Macau 0.36% and Japan 0.08%.
• No. 2 is cassava flour, 1.44 million tons, accounting for 43.82%. Major export markets include China (47.20%), Japan (11.28%), Indonesia (8.06%), Malaysia (4.81%), the United States (4.18%), and South Korea (3.38%).
• Ranked third is cassava pulp or sago, 102,648 tons, accounting for 3.12%. Major export markets include South Korea at 36.43%, China at 21.39%, New Zealand at 18.32%, and Bangladesh at 2.47%.

To promote border trade, the Department of Foreign Trade, Ministry of Commerce, has a plan to organize a festival.
Border trade by integrating with relevant government agencies and private sectors in the area
Including 3 projects:

1. Border Trade Fair in the Special Economic Zone Province, Cambodia, held in Sa Kaeo Province
   June 2023
2. Border trade fair at the special economic development zone provinces on the Lao side, held in Nong Khai Province
   July 2023
3. Thai-Malaysia Border Trade Fair to be held in Narathiwat Province in August 2023

In this event, there will be exhibitions and sales of products and services.

For entrepreneurs in the region and central region who are interested, such as products from OTOP and SME entrepreneurs, consumer products, franchise products, and products from neighboring countries, training and seminars to provide knowledge to entrepreneurs.

To provide knowledge and understanding about the steps of doing business, including increasing potential in foreign trade, regulations, benefits, certification of origin, trade measures and business matching negotiations between Thai entrepreneurs and neighboring countries.

Source of information: MGR ON LINE Trade-Industry-Transportation

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