Global Thai rice export forecast to surpass 8 million tonnes

The appeal for Thai rice continues to be significant globally, with both Indonesia and Bangladesh expressing their aspirations to buy the grain through G2G or government-to-government contracts. Ronnarong Phoolpipat, head of the Foreign Trade Department, stated that the immense global demand for Thai rice is likely to boost exports to surpass 8 million tonnes this year.

The department has plans to send representatives from both the public and private sectors to discuss the subject. The goal is to reinforce ties with key trading partners such as the Philippines in July, while in August, the focus will be on Malaysia, Indonesia, Singapore, and Japan.

“Growing concerns about the impact of the El Niño weather phenomenon led Indonesia to express increased demand for rice imports, worried about a shortage for domestic consumption and the need for…