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    Home > Food News > Food Articles > Thailand's rice exports surged

    Thailand's rice exports surged

    • Last Update: 2022-11-14
    • Source: Internet
    • Author: User
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    From January to September 2022, Thailand exported 5.
    41 million tons of rice, up 40% year-on-year, with exports amounting to 95.
    232 billion baht (US$2.
    54 billion), an increase of 36%,
    according to Thailand's Ministry of Commerce.
     
    Between January and September 2022, Iraq became the largest market for Thai rice exports, with the value of transport orders increasing by 511% to 15.
    405 billion baht
    .
     
    Thailand's next major rice export market is the United States, with 14.
    029 billion baht, an increase of 29%; South Africa was 8,017 million baht (down 3%), China was 7,439 million baht (up 30%) and Hong Kong was around 3.
    56 billion baht (up 1.
    6%)
    .
    Currently, Thailand is the world's second largest rice exporter
    after India.
     
    The Thai Rice Exporters Association predicts that Thailand will export 7 million to 8 million tons of rice this year, as the depreciation of the Thai baht gives Thailand an advantage
    over India and Vietnam.
     
    According to the Thai Rice Exporters Association, Iraq has bought Thai rice in large quantities for the first time in seven years, exceeding 1 million tons
    so far this year.
     
    To boost the rice trade, Phuket Province, Thailand, will host the World Rice Conference
    from 15 to 17 November.
    Thai Minister of Commerce Zhu Lin plans to attend and speak at the meeting, which Thai foreign trade agencies will use to present the potential of
    Thai rice exports.
    (End)
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