Thailand’s rice export target to exceed 8 million tonnes

Thailand’s rice export target to exceed 8 million tonnes

THE export target for Thai rice is expected to surpass 8 million tonnes this year as more nations appeal for more supply.

Several governments are seeking government-to-government deals as demand for Thai rice remains strong.

Thailand is targeting to reinforce ties with key trading partners such as the Philippines in July and focus on other Asian partners such as Malaysia, Indonesia, Singapore, and Japan by August.

Indonesia and Bangladesh also showed interest to buy the grain through G2G or government-to-government contracts.

Thailand’s Foreign Trade Department plans to send representatives from both the public and private sectors to discuss the subject.

Thailand was consistently ranked as one of the top five largest exporters of rice worldwide in recent years.

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