In the past week, the prices of various varieties of rice in Thailand have all increased, with the previous price being per metric ton227 USDto270 USD, currently reaching per metric ton$340 USD, is closeThe highest level in 17 years.

Thailand is an important participant in the world rice market and holds a significant position in the international market,Most people believe that this roundThe price increase is related to the surge in rice exports. According to ThailandThe Ethnic Daily reported that Thailand's firstThe export volume of rice in 10 months increased by 11.4% to 6.922649 metric tons, with a total value exceedingthirty-nineBilliondollar, increased compared to the same period last year24.6%.

Thai rice producers and exporters have stated that the drought has had a serious impact on Thai rice production, leading toNowThe rice market fluctuates.In the second half of 2023, Thailand suffered a severe drought, which severely affected the national rice production. Due to drought, Thai rice farmers are facing rising production costs and declining yields, which forces them to raise rice prices to cope with rising production costs. Thai rice exporters are also facing pressure from supply shortages and rising costs, thus being forced to raise rice prices. In this way, the price of Thai rice has been boosted,meanwhileIt has played a driving role in the global rice market.

In addition,Thai rice prices are risingRice prices compared to other exporting countriesRising alsoRegarding.For example, major rice producing countries such as the Philippines and Vietnam are also experiencing extreme weather conditionsAnd natural disastersThe impact has led to a significant loss of rice fields and a reduction in rice production,Currently, the price of Vietnamese rice per metric ton is approximately higher than that of Thai rice$70 to $90.This situation has caused a serious shortage of rice supply, exacerbating the supply and demand pressure on the world rice market, and drivingThai RiceThe price has further increased.

As one of the world's largest rice producing countries, India's rice export policy has an impact on the global rice marketIt will alsoHave a huge impact. With the recent implementation of export restrictions by the Indian government, the global rice market is facing supply pressure, and rice prices are starting to rise. The reason why India has taken measures to restrict rice exports is partly to ensure the stability of domestic market supply, and partly to address climate change and disaster risks. The impact of this measure has rapidly spread, affecting multiple countries and regions, further increasing the burden on the world rice market,Thailand was not spared either.

alsoThailand surpasses the market byofThe purchase of rice at a price to stabilize the domestic market is a factor contributing to the overall increase in Thai rice prices. Due to market expectations that Thai rice prices will continue to rise, rice processing plantsCurrently, it is stillActively purchase rice from farmers for export.