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Business – Thailand and Singapore Ink 5-Year Rice Trade Agreement for 100,000 Tonnes

Article Summary:

The Memorandum of Cooperation (MOC) between Thailand and Singapore allows for a flexible trade agreement of rice, capped at a maximum of 100,000 tonnes over five years. Singapore can determine the actual trade volume based on its needs. Both parties can request amendments or terminate the agreement with six months’ written notice through diplomatic channels.

In 2024, Thailand exported 113,549 tonnes of rice to Singapore, generating US$102.14 million in revenue. The trend continued into 2025, with Thailand exporting 90,031 tonnes in the first nine months, marking a 5% increase from 2024’s corresponding period (85,742 tonnes). The majority of these exports consisted of Thai jasmine rice (49.99%), white rice (29.04%), and Thai fragrant rice.

Original Article:

Thailand and Singapore sign rice trade agreement for 100,000 tonnes over 5 years

It is notable that the MOC does not require the full 100,000 tonnes to be purchased. The agreement specifies a maximum of 100,000 tonnes over five years, with actual trade volume based on Singapore’s needs at any given time. Throughout the five-year period, either party may request a review, amendment, or adjustment of the MOC in writing, with mutual consent. Either side can also terminate the agreement by providing written notice through diplomatic channels at least six months in advance.

In 2024, Thailand exported 113,549 tonnes of rice to Singapore, valued at US$102.14 million. During the first nine months of 2025 (January-September), Thailand has already exported 90,031 tonnes to Singapore, an increase of 5% from the same period in 2024, when the volume was 85,742 tonnes. The majority of the exports were Thai jasmine rice (49.99%), white rice (29.04%), and Thai fragrant rice…

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