Prices at two-year high could cause some importers to seek alternatives, says export group
A stronger baht could reduce the volume of Thai rice exports to 7.5 million tonnes this year from a previous target of 8 million, the Thai Rice Exporters Association said on Wednesday.
“The exchange rate is a crucial factor … and has increased the price of Thai rice by $40 to $50 (per tonne),” said Chookiat Ophaswongse, honorary president of the association.
“Prices are reaching $490 and $495 (per tonne)…
