Thai rice exports to face stiffer competition from India

21 Sept 02:50 Key points summarised by AI

India's removal of rice export restrictions and taxes is set to intensify global competition for Thai rice.
Despite prior restrictions, India remained the world's largest rice exporter, while Thailand secured the second position in the first nine months of the year.
Thai rice exports experienced significant growth in both volume and value, with strong demand for white and Hom Mali fragrant rice, particularly from Indonesia and Iraq.
While white and Hom Mali rice exports remain robust, Thai parboiled rice exports saw a notable 30% decline compared to the previous year.
Thai rice prices are generally higher than those from India and Pakistan, which could affect its competitiveness in the international market.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.