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The Latest Breaking News from Chookiat Ophaswongse

Rice exports challenged by Iran war and parched weather forecast

The outlook for Thailand's rice exports in the second half of the year remains uncertain as climate conditions and geopolitical conflicts could significantly influence trade volume, says a member of the Thai Rice Exporters Association.

Bangkok Post

Rice prices are set to spike as India export curbs rock market

NEW DELHI: Rice prices are set to surge after top exporter India banned a large chunk of shipments, adding to stresses on global food markets that have already been roiled by bad weather and the worsening conflict in Ukraine.

The Times of India

Hoping for a quick political resolution

Whichever faction of parties comes together to form a new government, the business sector insists there is an urgent need to swiftly establish an administration.

Bangkok Post

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High potential for rice exports in H2

Thailand could ship up to 9 million tonnes of rice this year because of a surge in demand, driven by concerns over the potential impact of the El Niño weather phenomenon.

Bangkok Post

Thailand to unveil 30 rice varieties in 2024

Thailand is working to enhance its export competitiveness, accelerating the development of new rice varieties to meet market demand and vowing to introduce 30 new rice varieties next year.

Bangkok Post

Parsing the impact of the parched season

The effects of the El Niño weather pattern are becoming increasingly evident with the persistence of hot, dry weather and high temperatures despite the official start of the rainy season on May 22, as announced by the Meteorological Department.

Bangkok Post

Outlook better for rice exports in H2

Thailand should see greater opportunities to export rice in the second half of the year as countries that import are rushing to stock up on concerns about drought.

Bangkok Post

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Strong baht could trim Thai rice exports

A stronger baht could reduce the volume of Thai rice exports to 7.5 million tonnes this year from a previous target of 8 million, the Thai Rice Exporters Association said on Wednesday.

Bangkok Post

Food inflation fears send rice exports to 4-year high

Thailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation.

Bangkok Post

Floods likely to set back main rice harvest

Floods ravaging vast plots of farmland in many areas nationwide are likely to delay by two weeks harvesting of the main crop of the country's 2022-23 season, limiting output for the season which usually gets underway in early November.

Bangkok Post

Rice exports could reach 8m tonnes despite floods

Thailand's rice exports could reach 8 million tonnes this year as flooding caused by Typhoon Noru has had little impact and a weak baht has helped overseas sales, the president of the Thai Rice Exporters Association said on Wednesday.

Bangkok Post

Rice exports poised to top 8m tonnes

Thailand's rice exports are likely to exceed 8 million tonnes this year, driven by the resumption of purchases by Iraq and India's restrictions on rice shipments.

Bangkok Post

Hiking of rice price by Thailand, Vietnam ‘impossible’ - export body

A pact between Thailand and Vietnam to raise rice prices would be "impossible", a top industry official said on Monday, in another sign of opposition to a government-proposed plan for a rice cartel amid a global food crisis.

Bangkok Post

Prayut eyes rice hike plan with Vietnam

Thailand and Vietnam are looking into the possibility of working together to raise rice prices to increase their bargaining power in the global market, government spokesman Thanakorn Wangboonkongchana said.

Bangkok Post

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Bangkok Post

Rising domestic rice prices unsettle Thai exporters

Rice exporters have expressed growing concerns about shipment prospects in the second quarter, as a sharp rise in domestic prices may lead importers to baulk at buying Thai grains.

Bangkok Post

Panel okays B1.92bn rice insurance plan

The National Rice Policy Committee on Wednesday approved providing 1.92 billion baht to support the rice insurance scheme for the main crop of the 2022 season.

Bangkok Post

Thai export surge continues

Thailand's exports beat expectations by growing 16.2% in February, driven by higher international demand on the back of global economic recovery and proactive trade promotions.

Bangkok Post

Rice exports tipped to hit 8m tonnes

Thailand's rice exports are expected to exceed 8 million tonnes this year, driven by the weakness of the baht and rising demand in the global market, according to veteran trader Chookiat Ophaswongse.

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Bangkok Post

Thai rice prices forecast to rise 5% in Q2

Thai rice prices are expected to increase by 5% in the second quarter, pushed up by the war in Ukraine's effect on surging global commodity prices, says veteran trader Chookiat Ophaswongse.

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