Prolonged protests may affect exports of Thai Hom Mali rice to Hong Kong

Worried Thai rice exporters are closely monitoring the situation in Hong Kong, fearing that the protests by pro-democracy demonstrators will affect exports of Hom Mali fragrant rice to the city if the protests are prolonged.

The Thai Rice Exporters Association’s honorary chairman, Mr. Chukiart Opaswong, said that Hong Kong remains an important export market for Thai Hom Mali grains, although the market share of the Thai rice has now dropped to only 52%, valued at between 30-40 billion baht, compared to 90% market share 7-8 years ago.

Vietnam now commands about a 30% market share, being ranked in the second place after Thailand, followed by Cambodia and China. Mr. Chukiart attributed the sharp drop in market share to Thai Hom Mali’s high price, about US$1,200 per tonne, compared to Vietnam’s US$500-550 per tonne.

Full story: https://www.thaipbsworld.com/prolonged-protests-may-affect-exports-of-thai-hom-mali-rice-to-hong-kong/

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