Thailand’s rice export goal for 2025 set at 7.5 mln tons
Thailand’s rice exports rose 14% to 9.27 million tons in the first 11 months of 2024, with full-year exports expected to reach 10 million tons worth at least $6 billion. Strong demand driven by festive season needs fueled growth. However, Thailand plans a lower export target for 2025 due to India’s export resumption and improved global rice production amid easing drought conditions.
Arada Fuangtong, director-general of the Department of Foreign Trade, said for the first 11 months this year, rice exports rose by 14% year-on-year to 9.27 million tons. The volume is expected to reach 10 million tons with value of at least $6 billion for the whole year.
This growth is driven by sustained demand from importers to meet year-end consumption needs for Christmas, New Year and extending into the Lunar New Year.
Thailand’s rice production is sufficient to meet global market demand, and the country’s strong export capacity ensures consistent delivery to importers.
Arada said the ministry set a lower shipment target next year because of India’s resumption of white rice exports.
In addition, global rice production is expected to increase based on easing drought conditions and improved water availability for cultivation, which should intensify competition in the global rice market.
For next year, the Department of Foreign Trade plans to promote rice exports by strengthening relations and organising promotional activities for Thai rice in key trading partner countries.
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Source : The Investor
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