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Thai rice exports for first quarter up by 19.4%

Thai rice exports for first quarter up by 19.4%

15 Sept 09:32 Key points summarised by AI
  • Thai rice exports surged 19.4% in the first quarter, reaching 2.46 million tonnes, with export value increasing 49% to $1.61 billion, primarily driven by a weakening baht.
  • Despite the overall Q1 growth, March exports declined 10.4% from February, and specific varieties like parboiled rice face significant drops due to reduced demand and cheaper alternatives from India.
  • Thailand ranked as the world's second-largest rice exporter in Q1, shipping 2.46 million tonnes, while maintaining competitive pricing for its white rice and parboiled rice against global rivals.
  • Thailand anticipates exporting approximately 800,000 tonnes in April to fulfill existing supply contracts with buyers in ASEAN, Japan, various African nations, and Middle Eastern countries.
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