Rice is harvested in a field in Phitsanulok province. (Photo: Taweechai Tawatpakorn)
Thailand saw its rice exports dive 23% in the first quarter year-on-year to 1.13 million tonnes because of higher prices than competitors.
Export value from January to March dropped to 21.8 billion baht, down 23.6% from the same period last year, said Charoen Laothammatas, president of the Thai Rice Exporters Association.
Factors behind the high rice prices include the strong baht, higher freight costs and lower domestic supply caused by drought, which lasted for two consecutive years.
China, which has agreements with rice exporting countries like Pakistan and Cambodia, bought more of the grain from…
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