Thailand Is On Track To Be World's Second-Largest Rice Exporter With 8 Million Tonnes

1. Thailand Is On Track To Be World's Second-Largest Rice Exporter With 8 Million Tonnes Thailand intends to export more than 8 million tonnes of rice this year, making it the second-largest rice exporter in the world. Thailand’s Rice Exports Anucha Burapachaisri, the acting government spokesperson and deputy secretary-general to the prime minister, reported that Thai rice export increased by 14.4% year over year to 2.62 million tonnes in the first four months of 2023. He claimed that in order to boost rice exports, the public and private sectors are closely collaborating to create new rice varieties to broaden the diversity of Thai rice. He also mentioned in a statement, “A total of 21 rice varieties have been developed within the first three years of the implementation, exceeding the original goal, which is to obtain 12 new varieties within five years.” Steps Taken To Boost Rice Exports Additionally, according to Anucha, the government has taken proactive steps by stepping up its promotion of trade shows and exhibitions and entering into discussions with trading partners to explore new markets. In order to enter new markets, the government has made it a top priority to strengthen ties with significant trading partners like Iraq, Indonesia, South Africa, the United States, and China.

2. To further advance relations and cooperation, trade representatives also met with counterparts in Hong Kong, China, the Philippines, Malaysia, Indonesia, Singapore, Japan, and South Africa, according to him. Anucha stated that in order to increase the opportunity for Thai rice on the international market, the government also provided support to rice exporters so they could attend international exhibitions like China-ASEAN Expo (China), Fine Food (Australia), ANUGA (Germany), and domestically-held THAIFEX-ANUGA ASIA 2023. He also said, “A promotional campaign has been launched to create awareness on the positive image and the uniqueness of Thai rice under the concept, “Think Rice Think Thailand”. Anucha stated that Prayuth is confident that Thai rice exports will exceed the target of 8 million tonnes in 2023 with the cooperation and integration of all concerned sectors. "The quality of life of Thai farmers is also expected to improve with an increase in rice export earnings," he said. If you are a rice importer wishing to buy rice in bulk or a rice exporter willing to Export Bulk Rice, then Tradologie.com is the right platform for you. Tradologie is a global digital trade hub that facilitates bulk agro-commodities trade in a transparent manner. Through tradologie’s AI based platform, buyers and sellers can connect directly with each other in real-time, negotiate prices to get the best deals, without the involvement of any middlemen. Hence ensuring best rates for both buyers and sellers on the platform, with an overall major reduction in the cost of trade by close to 10%. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.