Thailand exceeds rice export target in 2023

Mr. Charoen Laothamatas, Chairman of the Thai Rice Exporters Association, said on January 9 that rice exports in November 2023 reached 1.007 million tons, an increase of 19.9%, earning 23.01 billion baht (657,000,000 tons). 79 million USD), an increase of 23.3% compared to October 2023. Rice exports in November 2023 increased mainly in polished rice and fragrant rice as importers wanted to replenish declining inventories in the context of global rice prices reaching a 15-year high. Polished rice exports in November 2023 reached 659,694 tons, up 31% compared to October. In contrast, the volume of parboiled rice exported in November 2023 was 91,303 tons, down 11.2% compared to October. Mr. Charoen also said the main markets for Thai polished rice include Indonesia, Philippines, Algeria, Iraq, Malaysia, Japan, Brazil and Cameroon. In the first 11 months of 2023, Thailand exported 7.945 million tons of rice, marking a 14.7% increase over the same period in ...