Thai rice exports to see significant decline this year
Thailand's rice exports this year are expected to drop significantly from 9.95 million tons in 2024 because of intensifying global competition.
Farmers working in rice fields in Thailand. Photo courtesy of Bangkok Post.
India has ended its ban on rice shipments, while production has increased in both exporting and importing countries as drought conditions subsided, according to deputy government spokesman Anukool Pruksanusak, as cited by Bangkok Post.
Indonesia, a key importer, may scale back rice imports as its domestic production rises and stockpiles remain substantial, he said.
Anukool said Thailand's rice exports reached nearly 10 million tons last year, surpassing the target by almost 1 million tons.
However, the situation has shifted this year, with exports potentially dropping to 7.5 million tons due to increased production and declining demand.
Thai rice exports rose 13% year-on-year in 2024, generating revenue of THB225 billion (roughly $6.43 billion), up 27%.
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