Photo Courtesy of thairiceandfoods.com. The director-general of the Department of Foreign Trade, Ronnarong Phoolpipat, announced that Thailand’s rice exports are expected to reach 8 million tonnes this year. This is due to increased demand caused by the El Niño weather phenomenon, India’s export ban on non-basmati white rice, China’s declining production, and the desire of several countries to ensure food security. The value of the baht has also played a role in the increase. The Philippines, Malaysia, Indonesia, and Japan have expressed interest in purchasing Thai rice. Trips to these countries have boosted confidence in Thailand’s reliable rice exports. Despite India’s ban, there is no anticipated shortage in rice supply. Thailand is well-positioned to enhance its exports as prices continue to rise.
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