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Thai rice exporters fear Thailand may lose US market to Vietnam

Thai rice exporters fear Thailand may lose US market to Vietnam

11 Sept 01:57 Key points summarised by AI
  • New 36% reciprocal tariffs imposed by the US will dramatically increase the price of Thai Hom Mali rice to about US$1,400 per tonne, making it uncompetitive against cheaper Vietnamese fragrant rice.
  • The significant price differential is expected to cause US rice importers to switch from Thai Hom Mali to Vietnamese fragrant rice, threatening Thailand's dominant market share in the US.
  • Beyond rice, these US tariffs aim to reduce the US trade deficit with Thailand and could severely impact Thailand's GDP growth and other key export sectors like communications equipment, computer disc drives, car tires, and electrical appliances, prompting urgent calls for trade negotiations.
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