Thai market raises expected rice export level in 2024 to 9 million tons

Published 2024년 11월 11일

Tridge summary

Thailand's rice exports have experienced substantial growth, with 7.45 million tons exported in the first nine months of the year, a 22.13% increase from the previous year. The export value surged by 45.85%, amounting to 172.02 billion baht (around 4.84 billion USD), driven by increased demand from key markets such as Indonesia, Iraq, and the US, especially during the holiday season as countries enhance their food security reserves. The Thai Commerce Ministry and Rice Exporters Association anticipate exports reaching 9 million tons by year-end, generating 6.4 billion USD in revenue. Thailand continues to be the world's second-largest rice exporter after India, with a 14% rise in exports in 2023 compared to 2022, exceeding the target of 8 million tons.

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Original content

According to Mr. Pichai, Thailand exported 7.45 million tons of rice in the first nine months of this year, up 22.13% compared to the same period last year. The value of rice exports in the first nine months also increased by 45.85% compared to the same period last year, bringing in revenue of 172.02 billion baht (equivalent to 4.84 billion USD). The head of the Thai trade sector said that the country continued to receive orders from major markets such as Indonesia, Iraq and the US. This was due to increased demand during the Christmas and New Year holidays. Countries also increased their stockpiles to ensure food security. In that context, the Commerce Ministry and the Thai Rice Exporters Association believe that rice exports this year will reach 9 million tons, ...

Source: Vinanet