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Thailand aims for higher rice export target

Thailand plans to export 7.5 million tonnes of rice this year, up from a previous target of 7 million tonnes, thanks to increased output and a weak baht amid global food insecurity.
Thailand aims for higher rice export target ảnh 1A rice store in Bangkok, Thailand. (Photo: AFP/VNA)
Bangkok (VNA) - Thailandplans to export 7.5 million tonnes of rice this year, up from a previous targetof 7 million tonnes, thanks to increased output and a weak baht amid globalfood insecurity.

Thai Government Spokesperson Rachada Dhnadireksaid in a statement that the country exported 4.09 million tonnes of rice inthe first seven months of 2022, up 54% from a year earlier.

She noted favourable weather has boosted riceproduction while a weak baht has kept Thai rice prices competitive. The Thaicurrency was hovering near its weakest level in more than 15 years against the USdollar.

The spokesperson added the Ministry of Commerceexpects paddy rice output at 26.92 million tonnes in the 2022 - 2023 crop year,up 2.09% from a year earlier.

Thailand is currently the world’s third largestrice exporter after India and Vietnam. It has seen higher demand for its riceas countries seek to ensure food security and replace wheat and corn in theanimal feed industry./.
VNA
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