Bangkok Post
Rice exports challenged by Iran war and parched weather forecast
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The outlook for Thailand's rice exports in the second half of the year remains uncertain as climate conditions and geopolitical conflicts could significantly influence trade volume, says a member of the Thai Rice Exporters Association.
Key facts
- The outlook for Thailand's rice exports in the second half of the year remains uncertain as climate conditions and geopolitical conflicts could significantly influence trade volume, says a member of the Thai Rice Exporters Association.
- The Department of Foreign Trade (DFT) projects Thailand will export 7 million tonnes of rice this year.
- Thailand shipped roughly 2.2 million tonnes of rice in the first four months, according to the association.
- Indian white rice 5% is currently priced at US$340 per tonne, while Thai white rice 5% is at $420 per tonne, according to the group.
- Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said the wide price gap between Indian and Thai rice has enabled Indian exporters to capture a larger share of the African market, presenting a challenge for Thai rice exports.
Summary
The Department of Foreign Trade (DFT) projects Thailand will export 7 million tonnes of rice this year.
Thailand shipped roughly 2.2 million tonnes of rice in the first four months, according to the association.