Thai rice exports to face stiffer competition from India

Published Nov 11, 2024

Tridge summary

Thailand's rice exports are set to face increased competition as India has removed export restrictions and taxes, making unlimited rice exports possible. Despite these restrictions, India was the world's largest rice exporter from January to September 2021, with shipments of 12.2 million tonnes. Thailand followed in second place with 7.45 million tonnes, and Vietnam came in third with 6.96 million tonnes. Indonesia was the largest importer of Thai rice, with about 1 million tonnes. Thai rice exports were valued at around THB172 billion ($5.04 billion) in the first nine months, marking a 45.8% increase from the previous year.

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Original content

Thailand’s rice exports are expected to face stiffer competition as India has removed export restrictions and taxes, allowing unlimited rice exports, according to Charoen Laothammatas, president of the Thai Rice Exporters Association. Even with the restrictions in place, he said that India was the world’s largest rice exporter during the first nine months of this year, shipping a record 12.2 million tonnes, down 19.6% year-on-year, while Thailand remained in second place, with 7.45 million tonnes, an increase of 22% year-on-year. Vietnam came third, with 6.96 million tonnes, up 8.4%, followed by Pakistan, with 4.45 million tonnes, up 74.4% and the US, with 2.5 million tonnes, up 56.3%. The largest importer of Thai rice this year was Indonesia, with about 1 million tonnes, followed by Iraq 907,715 tonnes, the US 609,430 tonnes, South Africa 580,288 tonnes, and the Philippines 399,493 tonnes. Thai rice exports in the first nine months were worth about THB172 billion ($5.04 billion), ...

Source: UkrAgroConsult