Thai rice exports have a favourable horizon in 2023, as they are projected to exceed 8 million tonnes. This boost in international demand is linked to global concerns about the possible consequences of the El Niño weather event, resulting in several countries aiming to expand their stockpiles, according to Commerce Minister Jurin Laksanawisit.
The minister indicated that the Philippines plans to raise its rice acquisition by 2-3 million tonnes, while Indonesia is speeding up the process to secure considerable amounts of rice from Thailand and Vietnam. Iraq’s imports are estimated to be around 1 million tonnes for the year, matching the same volume as 2022.
Jurin noted that Vietnam, in preparation for domestic needs, is lessening its rice exports while shifting its emphasis to growing fruit and coffee. Moreover, he highlighted that…
