Rice field in Thailand

Thai rice exports to benefit from increased demand, struggling competitors

BANGKOK, 24 June 2016 (NNT) – The Ministry of Commerce has forecast rice exports to rise during the second half of this year, reaching its annual output target of 9.5 million tons.

Commerce Minister Apiradi Tantraporn said the expected increase is due to continuous demand in both domestic and foreign markets, such as the government-to-government deal with China for one million tons of rice, which commences in August. Other notable rice importers, such as the Philippines and Indonesia, will be seeking additional G2G rice procurement.

Read more: NNT

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