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The Thai Rice Exporters Association has revised its rice export target for 2024 down to 8.2 million tonnes, reflecting the challenges posed by increased competition from India and Vietnam.
This marks the third adjustment of the target this year, as Thailand faces pressure from India's anticipated return to the global rice market with significant export volumes. Despite these challenges, the association remains optimistic about demand for Thai rice, particularly white rice, which is expected to continue benefiting from import needs in various countries amid fluctuating global prices.
Citations:
[1] https://www.nationthailand.com/thailand/economy/40035400
[2] https://www.nationthailand.com/blogs/news/general/40040282
[3] https://en.vietnamplus.vn/thailand-set-to-surpass-2023-rice-export-target-post276043.vnp
[4] https://www.tridge.com/news/thailand-may-not-meet-its-rice-export-target-wagcwe
[5] https://thainews.prd.go.th/nbtworld/news/view/186095/?bid=1
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