Thailand’s rice exports to exceed 8 mn tonnes this year, despite floods
Published on: October 6, 2022.
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Despite flooding caused by Typhoon Noru in late September and early October, Thailand’s rice exports are likely to exceed 8 million tonnes this year as as weak baht has helped overseas sales, President of the Thai Rice Exporters Association (TREA) Chookiat Ophaswongse said on Wednesday. The floods resulting from the typhoon had caused some damage to crops, but had not impacted exports, Chookiat said. Thailand, world’s third-largest rice exporter, shipped 6.11 million tonnes of the grain last year.
Thailand can still reach 7.5 million tonnes of rice exports this year and even 8 million tonnes due to the weak baht and India’s increased export tax, Chookiat noted. In September, India, the world’s largest exporter, banned shipments of broken rice and levied a 20% duty on exports on various rice grades. Chookiat said that unless there was a dramatic change in the situation, he expected exports of 8 million tonnes in 2023, too.
Source: https://thefederal.com/news/thailands-rice-exports-to-exceed-8-mn-tonnes-this-year-despite-floods/
