Live Rice Index
Thailand is one of the world’s leading exporters of rice and often produces an annual exportable surplus of around 10 million MTS (milled equivalent). From 2012 – 2017, the market felt the pressure of the large stockpiles built under the previous ruling party’s rice pledging scheme, which resulted in export prices increasing well above market rates and government stocks surging to around 18 million MTS. The current government of Prime Minister Prayat Chan-O-Cha has been reducing old crop stockpiles through a series of government auctions and the vast majority of old crop stocks suitable for human consumption have now been sold. Following a year of drought-reduced production in 2016, 2017 and 2018 milled rice production recovered to the normal level of around 21 million MTS. Although forecasts suggest that 2019 production will reach similar levels, dry weather in May - July has caused concerns about main crop planting.
Thailand exports a wide selection of rice varieties, including long grain white and parboiled rice, Pathumthani and Hom Mali fragrant rice and glutinous rice.
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