Thailand plans to export 7.5 million tonnes of rice in 2025

Published 2024년 12월 5일

Tridge summary

Thailand's Ministry of Commerce has set a rice export target of 7.5 million metric tons for 2025, a decrease from the 10 million metric tons estimated for this year. Despite this, rice exports have seen a 14% increase to 9.27 million metric tons in the first 11 months of the year, with a projected total of 10 million metric tons and a value of at least US$6 billion. The average export price of rice has also increased. The major export markets include Indonesia, Iraq, South Africa, the US, and the Philippines. The Department of Foreign Trade plans to boost rice exports by strengthening relationships and organizing promotional activities for Thai rice in key trading partner countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Planet Rice) Thailand’s Ministry of Commerce has set a rice export target of 7.5 million metric tons for 2025, down from this year’s estimate of 10 million metric tons. Arada Fuangtong, director-general of the Department of Foreign Trade, said that in the first 11 months of this year, rice exports increased 14 percent year-on-year to 9.27 million metric tons. The volume is expected to reach 10 million metric tons with a 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 through 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 tons,” she said. In addition to the increase in export volume, the average export price of rice (free on ...
Source: Planetaarroz

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