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Wednesday, May 15, 2024

Weakening Thai baht strengthens potential to achieve rice export target

The Thai Rice ExportersAssociation president Charoen Laothammatas said exports began looking up after mid-year, with 419,578 tons, valued at 7.47 billion baht, being exported in July, up 7.6% and 4.9% respectively compared to June.

The Thai Rice Exporters Association expects the weakening baht to help Thailand meet its target of exporting 6 million tons of rice this year, though it only shipped 2.59 million tons in the first seven months.

Association president Charoen Laothammatas said exports began looking up after mid-year, with 419,578 tons, valued at 7.47 billion baht, being exported in July, up 7.6% and 4.9% respectively compared to June.

He said rice exports in July improved because the price of Thai rice dropped in line with market conditions and a weakening baht, which made it possible for Thailand to compete with key competitors like India.


Charoen added that the…

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