Thailand exceeds rice export target in 2023

Published 2024년 1월 10일

Tridge summary

Rice exports from Thailand increased by 19.9% in November 2023, reaching 1.007 million tons and earning 23.01 billion baht. The increase was mainly driven by demand for polished and fragrant rice to replenish declining inventories, with polished rice exports increasing by 31% compared to October. The Thai Rice Exporters Association is optimistic that Thailand will exceed its export target of 8.5 million tons for 2023, with an estimated 800,000-900,000 tons of rice exported in December.

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Original content

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 ...

Source: Agriculture