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Thailand on track to become world's second-largest rice exporter

The Thai Rice Exporters Association (TREA) on January 4 announced that Thailand is on track to become the world’s second-largest rice exporter as 6.91 million tonnes of rice were shipped abroad in the first 11 months of 2022.
Thailand on track to become world's second-largest rice exporter ảnh 1A rice store in the southern province of Narathiwat in Thailand. (Photo: AFP/VNA)

Bangkok (VNA) – The Thai Rice Exporters Association (TREA) on January 4 announced thatThailand is on track to become the world’s second-largest rice exporter as 6.91 million tonnes of rice were shipped abroad in the first 11 months of 2022.

In the reviewed period, India topped the list of riceexporters in the world with 18.25 million tonnes exported, and Vietnam sold broad 6.67 million tonnes.

Charoen Laothamatas, President of TREA, is confident thatThailand's rice export volume in 2022 would exceed the target of 7.5 million tonnesthanks to increased demand from Iraq, China, and the US.

He added thatthe volume of rice exports in Thailand in the first 11 months of last yearmarked a 26.8% increase compared with that of 2021, bringing the country arevenue of 123.51 billion baht (3.63 billion USD). This is a year-on-year increase of29.2%.

In November 2022 alone, Thailand exported 706,270 tonnes ofrice, down 11.1% from the previous month, but revenue increased by 2.6% to 14.3billion baht (nearly 420 million USD).

Countries and territories that import Thai rice include HongKong (China), Canada, Singapore, Australia, Japan, Angola, Mozambique, the Philippines, Cameroon, South Africa, Yemen, and Benin.

The TREA forecast that Thailand's rice exports inDecember 2022 would reach about 800,000 tonnes, which will bring the country's total riceexport volume for the year to about 7.71 million tonnes./.

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