Thailand's rice exports increased

Thailand has raised its rice export target to 8.5 million tonnes this year as rice prices rise from rivals such as Vietnam, the head of the Thai Rice Exporters Association told Reuters. He said Vietnamese rice is expensive, so countries like the Philippines and Indonesia are increasing orders for Thai rice. He added that Thai rice sells for about US$550 to US$555 per ton, while Vietnamese rice sells for about US$630. Thailand is the second largest exporter of rice in the world after India. The government had previously predicted the export of 8 million tons. The head of the Thai Rice Exporters Association said that the country's rice production this year had only a limited impact from the El Nino weather phenomenon, adding that the 2023-2024 season is expected to produce between 33 and 34 million tons, which is 2 million tons more than the same period. has ...