Thai rice exporters are fretting over India’s announcement that it will ban the export of non-basmati white rice with immediate effect, saying the move could potentially impact Thailand’s rice industry, leading to a possible 10% increase in domestic prices.
Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said the ban is likely to prompt Thai rice mills and rice exporters to delay rice purchase orders in order to evaluate the impact, as India is the world’s biggest rice…
