Thailand may not meet its rice export target next year

Charoen Laothamatas, president of the Thai Rice Exporters Association, said rice exports next year are not expected to reach the previously set target of 8.2 million tons. Many risk factors may occur for Thailand's rice exports next year, notably global rice reserves increased by 1.4%, reaching about 528 million tons due to the La Nina weather phenomenon. enough rain for rice production, lack of investment in research and development of rice varieties makes Thailand's productivity lower than other major rice exporting countries including Vietnam, India and China, cost high production and the possibility of India lifting rice export restrictions later this year. Thailand needs to change its rice policy by promptly capturing changes in demand in the global market, especially focusing on the production of sticky rice and investing more in research and development. development to increase productivity to compete in the global market. If Thailand does not take immediate action, its ...