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"Among the countries expected to import less rice in 2012 are Bangladesh, Indonesia, Nepal, Nigeria and the Philippines," the FAO said. Last year's rice exports reached a record 34.5 million tonnes but are expected to drop to 32.8 million tonnes in 2012, according to FAO estimates. The global rice trade is expected to decline 5 per cent year-on-year in 2012 due to falling demand, the United Nations' Food and Agriculture Organization (FAO) said Wednesday. Rice trade to fall 5 per cent in 2012, UN agency predicts

Farmers would also be able to sell their paddy to the government under the program at higher prices. Meanwhile, the Department said even though the government’s rice pledging scheme would cause the prices of rice to increase, the demands for rice would not decline given its quality. It is also popular among rice consumers around the world. Although Vietnam is now a major rival and the second largest exporter, according to the Rice Department, the quality of Thai rice remains superior especially the jasmine rice, which has beautiful fragrance when cooked. The Kingdom has been the biggest rice exporter for 30 years. Around half of rice produced each year is exported overseas while the remainder is distributed in the domestic market. Thailand is able to produce up to 20 million tons of rice annually thanks to the work of 16 million farmers and the cultivating areas of 60 million rai nationwide. With the growing popularity of Japanese food, the Department is now trying to improve the quality of the strain ‘Kor Khor 45’, which is similar to Japanese rice with short and rounder grains, to cater to Japanese eateries in Thailand. The countries with the highest import tariffs for Rice were Angola (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 40%), Burundi (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 40%), Benin (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 40%), Burkina Faso (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 40%), and Botswana (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 40%).Thailand remains the largest rice exporter of the worldīANGKOK, 1 February 2012 (NNT)-The Rice Department reveals Thailand exports the largest amount of rice in the world and produces 20 million tons of rice a year, with half of that amount for domestic consumption alone.Īs the Rice Department is responsible for rice production and quality, it continuously provides knowledge on planting techniques to rice farmers, improves rice species and grains, prevents damage from pests and diseases, as well as finds new technology to boost rice production. Tariffs In 2019, the average tariff for Vietnam in Rice was 37.4%. The fastest growing import markets in Rice for Vietnam between 20 were Cambodia ($79.8M), India ($13.7M), and Myanmar ($1.71M). At the same year, Rice was the 311th most imported product in Vietnam. Imports In 2020, Vietnam imported $137M in Rice, becoming the 53rd largest importer of Rice in the world. The fastest growing export markets for Rice of Vietnam between 20 were China ($222M), Philippines ($124M), and Ghana ($63.1M). The main destination of Rice exports from Vietnam are: Philippines ($985M), China ($461M), Ghana ($282M), Malaysia ($237M), and Cote d'Ivoire ($211M). At the same year, Rice was the 21st most exported product in Vietnam. Exports In 2020, Vietnam exported $2.74B in Rice, making it the 3rd largest exporter of Rice in the world.