Thailand: The rice shipment goal for 2025 set at 7.5 million tonnes

The Commerce Ministry set a rice export target of 7.5 million metric tonnes for 2025, declining from an estimated 10 million metric tonnes this year. Arada Fuangtong, director-general of the Department of Foreign Trade, said for the first 11 months this year, rice exports rose by 14% year-on-year to 9.27 million metric tonnes. The volume is expected to reach 10 million metric tonnes with value of at least US$6 billion. This growth is driven by sustained demand from importers to meet year-end consumption needs for Christmas, New Year and extending into the Chinese New Year. Thailand's rice production is sufficient to meet global market demand, and the country's strong export capacity ensures consistent delivery to importers. "This year is considered a golden year for rice exports, with export volumes potentially reaching 10 million metric tonnes," she said. In addition to the increase in export volume, the average export price of rice (free on board price) for the first 10 months ...