Thailand Commerce Ministry predicts rice exports of 9 million tonnes this year
Thailand’s rice exports are expected to reach 9 million tonnes this year, generating US$6.4 billion (230 billion baht), according to Commerce Minister Pichai Naripthaphan. In the first nine months of 2024, the country exported 7.45 million tonnes, a 22.13% increase from the previous year. The export value for the period rose by 45.85%, totaling 172.019 billion baht (US$4.843 billion). Strong demand from major markets like Indonesia, Iraq, and the United States has led to positive projections for the year’s exports.
The Commerce Ministry expects that rice exports this year will rise to 9 million tonnes and generate revenue of US$6.4 billion, or 230 billion baht, for the country, Commerce Minister Pichai Naripthaphan said on Sunday.
Pichai said Thailand has already exported 7.45 million tonnes of rice during the first nine months of this year, an increase of 22.13% compared with the same period of last year.
The rice exports from January to September this year earned the country 172.019 billion baht, or $4.843 billion. The rice-export value during the first nine months rose 45.85% compared with the same period of last year, he added.
Pichai said orders have continued from major markets such as Indonesia, Iraq and the United States. As a result, the Foreign Trade Department and the Thai Rice Exporters Association are confident that rice exports this year would reach 9 million tonnes.
Source Link : https://www.nationthailand.com/business/economy/40043163
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