Thailand’s rice exports to exceed 8 million tonnes this year despite floods
Thailand’s rice exports are likely to exceed 8 million tonnes this year as flooding caused by Typhoon Noru had little impact and a weak baht has helped overseas sales, President of the Thai Rice Exporters Association (TREA) Chookiat Ophaswongse has said.
Sacks of rice at a mall in Bangkok, Thailand. (Source: AFP/VNA)
Bangkok (VNA) – Thailand’s rice exports arelikely to exceed 8 million tonnes this year as flooding caused by Typhoon Noru had little impact and a weak baht has helped overseas sales, President ofthe Thai Rice Exporters Association (TREA) Chookiat Ophaswongse has said.
Chookiat said that floods resulting from thetyphoon in late September and early October had caused some damage to crops,but had not impacted exports.
Thailand can still reach 7.5 million tonnes of rice exportsthis 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 shipmentsof broken rice and levied a 20% duty on exports on various rice grades.
Unless there is a dramatic change in the situation, heexpected exports of 8 million tonnes in 2023 too.
Last month, the association raised its export target to 7.5million tonnes from 7 million tonnes due to higher output and a weak baht.
Global rice exports totalled 51.63 million tonnes in 2021,according data from the US Department of Agriculture. India made up 41% of thevolume, followed by Vietnam in the second place and Thailand in the third,shipping 6.11 million tonnes of the grain./.
Thailand’s rice exports in the first six months of this year surged 56.6% to 3.5 million tonnes, bringing in 60.93 billion THB (about 1.7 billion USD) in revenue, or 42.9% more year on year.
Vietnam exported roughly 4.08 million tonnes of rice in the first seven months of 2022 to earn over 1.99 billion USD, up 17.3% and 6%, respectively, against the same period last year, customs data shows.
Cambodia exported 389,000 tonnes of milled rice in the first eight months of 2022, netting more than 242.80 million USD, according to the Cambodia Rice Federation.
Prime Minister Pham Minh Chinh has requested relevant ministries and sectors to take appropriate measures to stabilise the market and rice prices, and ensure the interests of farmers after information that India will restrict rice exports.
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Sacks of rice at a mall in Bangkok, Thailand. (Source: AFP/VNA) 
