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Vietnam may overtake Thailand as the world’s second-largest rice exporter

Vietnam may overtake Thailand as the world’s second-largest rice exporter

13 Sept 12:14 Key points summarised by AI
  • Thailand's Q1 rice exports plunged 30%, raising concerns Vietnam could soon surpass it as the world's second-largest rice exporter.
  • Thai rice struggles with a price disadvantage, being about $40/tonne more expensive than Indian rice, causing buyers to shift suppliers.
  • Upcoming 36% US reciprocal tariffs on Thai rice, coupled with a projected $6/tonne rise in shipping costs, threaten to inflate prices and erode market competitiveness.
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Economy 1/1
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