New Thai rice varieties lined up to boost exports

New Thai rice varieties lined up to boost exports

Thailand plans to develop 12 new commercial rice varieties by 2024 to boost rice export competitiveness.

Speaking after an award ceremony for new commercial rice varieties, Commerce Minister Jurin Laksanawisit said the ministry set up a war room to accelerate Thai rice development and increase exports, for both existing and new markets.

Of the 12 new varieties, Mr Jurin said four are hard-texture grains, four are soft texture, two are Thai fragrant rice and two are high-nutrition types. These varieties are in high demand among global consumers, he said.

"Thailand must be a leader in producing quality rice," said Mr Jurin. "The strategy requires focus on solving two problems: Thai rice can no longer compete on price and we have few varieties."

The national rice strategy calls for production costs to be reduced to an average of 3,000 baht per tonne, from 6,000 baht per tonne now, while increasing yields to an average of 600 kilogrammes per rai, from 465kg currently, within five years.

If achieved, this should improve the country's competitiveness in the global market, he said.

Thailand shipped 6.11 million tonnes of rice last year, up 6.68% from 5.73 million tonnes in 2020, with exports valued at 108 billion baht, down by 7.14% from 116 billion in 2020.

The shipments comprised 2.35 million tonnes of white rice (up 18.9%), 1.4 million tonnes of Thai hom mali rice (down 1.7%), 1.4 million tonnes of parboiled rice (up 1.6%), 550,574 tonnes of aromatic rice (down 4.1%) and 310,878 tonnes of glutinous rice (up 12.4%).

The Thai Rice Exporters Association forecast outbound shipments gaining 14.8% this year to 7 million tonnes, driven by sufficient water supply. Higher demand is anticipated thanks to a global economic recovery, while a favourable exchange rate should help.

Do you like the content of this article?
COMMENT

Two Thai doubles pairs survive at World Tour Finals

Two doubles pairs from Thailand have advanced to the semi-finals of the HSBC BWF World Tour Finals following a busy day at Nimibutr Stadium in Bangkok on Friday.

9 Dec 2022

Army hospital first stop for freed athlete Griner

American basketball star Brittney Griner arrived back in the United States on Friday morning after being released from a Russian prison in exchange for Victor Bout, an arms dealer known as the “Merchant of Death”.

9 Dec 2022

Second move

Graft busters petition court to sack suspended cabinet minister and accused land encroacher Kanokwan Vilawan and ban her from politics for up to 10 years.

9 Dec 2022