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Thailand raises 2018 rice export forecast to 11mn T

Thailand raises 2018 rice export forecast to 11mn T

Wed Aug 08 2018


Thailand expects to export 11 million tons of rice worth $5.6 billion in 2018, higher than an initial forecast, the country’s rice exporters association said on Wednesday.


Thailand, the world’s second-largest rice exporter after India, initially expected to export 9.5 million tons of rice this year.


The association cited growing demand from importing countries, including Indonesia and the Philippines, and a weaker baht making Thai rice more competitive, as factors for the expected higher export amount.


Thailand exported a record 11.63 million tons in 2017.



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