Thailand may rank world’s second in rice exports this year
Thailand is on course to overtake Vietnam as the world’s second biggest rice exporter this year, according to the Thai Rice Exporters Association (TREA).
Illustrative image. (Source: www.bangkokpost.com)In the first 10 months of 2022, India topped the list of rice exporters with 17.06 million tonnes, while Thailand was the second with 6.02 million tonnes.
Vietnam, which was the world’s second largest rice exporter last year, was pushed into third with 6.01 million tonnes. It was followed by Pakistan and the US.
The list of biggest rice importers so far this year is led by Iraq with 1.3 million tonnes, followed by South Africa (0.64 million), the US (0.54 million), China (0.53 million), and Benin (0.3 million).
TREA added that in October, Thailand exported 790,000 tonnes of rice worth 13.97 billion baht (402.9 million USD), up 24.7% and 20.5% from the previous month, respectively.
It projects exports of 800,000 tonnes in November, rising higher in December due to demand during the Christmas and New Year holidays. TREA is confident that Thailand’s total rice exports this year will hit the target of 7.5 million tonnes, significantly higher than last year’s total of 6.12 million tonnes.
Thailand’s biggest rice markets are Iraq, South Africa, the US, China, Benin, Japan, Senegal and Angola./.
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