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Thai rice exports may drop below 10 million tonnes this year

Thai rice exports may drop below 10 million tonnes this year

13 Sept 09:21 Key points summarised by AI
  • Thai rice exports plummeted 44.7% in August, raising concerns that the annual total will fall below 10 million tonnes.
  • Overall Thai exports have contracted for six consecutive months, reflecting a wider economic slowdown across Asia.
  • The decline is primarily attributed to the US-China trade war, which has suppressed regional demand, and the strong Thai baht, making exports less competitive.
  • Beyond rice, various key products and commodities, including automobiles, computers, rubber, and tapioca, also experienced significant drops in demand.
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