Thailand stands on the cusp of a hugely promising year in terms of rice exportation, which, forecasts suggest, could reach up to 9 million tonnes. Making the most of a climate-induced market fervour, the Thai industry gleefully anticipates shipping masses of what is an integral commodity to many. The increase in demand is believed to be rooted in anxieties about the potential fallout of the El Niño weather phenomenon.
Chookiat Ophaswongse, the honorary president of the Thai Rice Exporters Association, conveyed his optimism, suggesting the industry is primed to export around 4-5 million tonnes of rice in the latter half of this year, this is atop 4.1 million tonnes dispatched in the year’s first half. Chookiat said…
“The price of rice has increased to the highest level in 11 years.”
Specifically, the cost of free-on-board Thai white…
