According to data from Office of Agricultural Economics (OAE), the production of Thailand Paddy rice is estimated to be around 38.8 million tons in the year 2014. This figure is almost similar to last year figure of 38.79 million tons, even though there was a decline of 2% in planted area this year.
The overall yield is expected to increase by 1% in 2014 with main season crop (May-January) contributing for about 28.58 million tons of paddy rice, while off-season crop (January-June) will account for about 10.23 million tons.
Even though there is growth projected in the paddy production, the total price is estimated to decline by about 2% to 11.34 million hectares in 2014 from 11.53 million hectares in 2013. Planted area for main-season crop to be 10.35 million hectares from 10.4 million hectares in 2013, while area under off-season crop is estimated to reduce by 1 million hectares in 2014 from 1.1 million hectares in 2013.
The major reason for decline is drought in various parts of Thailand’s rice growing areas. The government is trying to take some measures by providing land area of about 4.44 million hectares to grow cash crops such as sugarcane, in 3-4 years.
As per USDA, Thailand paddy rice production is up by about 1.5% from around 30.6 million tons of paddy in MY 2012-13 to 31 million tons in MY 2013-14. The estimated exports can be around 8.5 million tons of rice in 2014, which is up by 27% from around 6.7 million in 2013. Paddy rice area to increase to 10.9 million hectares in MY 2013-14 from 10.84 million tons in MY 2012-13.