India beats Thailand as top rice exporter

Reading Time: 1 minute
Thailand’s rice pledging scheme has inflated prices for Thai rice and caused huge stockpiles

India has emerged as the world’s largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes, according to the latest report of the United States Department of Agriculture (USDA).

India is likely to reach an export volume of 10 million tonnes by the end of 2012, with Thailand just reaching 6.5 million tonnes. Vietnam will be second with 7.5 million tonnes according to figures released by the Vietnam Food Association on December 20.

This rise to the top follows the Indian government’s decision in February 2011 to lift a four-year ban on exports of non-Basmati varieties of rice paving the way for more exports.

That rise, however, was favoured by a decision in the same year of the Thai government, under Prime Minister Yingluck Shinawatra, to improve earnings of its farmers by introducing a rice pledging scheme under which it procured stocks at an enhanced price of 15,000 baht ($500) per tonne, a 60 per cent increase over 2010. The rice pledging scheme in Thailand has become a matter of controversial discussions, but the government has said it will remain committed to it for the 2013 season. Inside Investor reported.

Wholesale prices for Indian and Vietnamese unmilled rice are up to $100 per tonne lower than for Thai rice.

India’s move to the top from the third place in 2011 was also buoyed by record production of 104.32 million tonnes on the back of good monsoon rains.

The global rice production in 2012 is estimated at 464.87 million tonnes in 2012. India is the world’s largest grower.

World’s top 10 rice exporters in 2012 (in million tonnes, source: USDA)

Country            Exports    Forecast
(2011) (2012)
 1. India 4.6 10.0
 2. Vietnam 7.0 7.5
 3. Thailand 10.6 6.5
 4. Pakistan 3.4 3.7
 5. US 3.2 3.3
 6. Brazil 1.3 1.2
 7. Cambodia 0.86 0.80
 8. Uruguay 0.84 1.00
 9. Myanmar 0.78 0.70
 10. Argentina 0.73 0.68
Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Thailand’s rice pledging scheme has inflated prices for Thai rice and caused huge stockpiles

India has emerged as the world’s largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes, according to the latest report of the United States Department of Agriculture (USDA).

Reading Time: 1 minute

Thailand’s rice pledging scheme has inflated prices for Thai rice and caused huge stockpiles

India has emerged as the world’s largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes, according to the latest report of the United States Department of Agriculture (USDA).

India is likely to reach an export volume of 10 million tonnes by the end of 2012, with Thailand just reaching 6.5 million tonnes. Vietnam will be second with 7.5 million tonnes according to figures released by the Vietnam Food Association on December 20.

This rise to the top follows the Indian government’s decision in February 2011 to lift a four-year ban on exports of non-Basmati varieties of rice paving the way for more exports.

That rise, however, was favoured by a decision in the same year of the Thai government, under Prime Minister Yingluck Shinawatra, to improve earnings of its farmers by introducing a rice pledging scheme under which it procured stocks at an enhanced price of 15,000 baht ($500) per tonne, a 60 per cent increase over 2010. The rice pledging scheme in Thailand has become a matter of controversial discussions, but the government has said it will remain committed to it for the 2013 season. Inside Investor reported.

Wholesale prices for Indian and Vietnamese unmilled rice are up to $100 per tonne lower than for Thai rice.

India’s move to the top from the third place in 2011 was also buoyed by record production of 104.32 million tonnes on the back of good monsoon rains.

The global rice production in 2012 is estimated at 464.87 million tonnes in 2012. India is the world’s largest grower.

World’s top 10 rice exporters in 2012 (in million tonnes, source: USDA)

Country            Exports    Forecast
(2011) (2012)
 1. India 4.6 10.0
 2. Vietnam 7.0 7.5
 3. Thailand 10.6 6.5
 4. Pakistan 3.4 3.7
 5. US 3.2 3.3
 6. Brazil 1.3 1.2
 7. Cambodia 0.86 0.80
 8. Uruguay 0.84 1.00
 9. Myanmar 0.78 0.70
 10. Argentina 0.73 0.68
Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid