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Thailand Poised To Exceed Rice Export Target For 2023

According to the Thai Rice Exporters Association, Thailand is on track to exceed its 2023 rice export target of 8.5 million tonnes with a surge in purchases in November.

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Thailand Poised To Exceed Rice Export Target For 2023

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  1. Thailand Poised To Exceed Rice Export Target For 2023 According to the Thai Rice Exporters Association, Thailand is on track to exceed its 2023 rice export target of 8.5 million tonnes with a surge in purchases in November. Tradologie.com, designed in India, for the world, is a user friendly SaaS based global trade hub and your streamlined solution for procurement and sales of B2B commodities such as rice. On the platform, connect with verified global bulk rice buyers or bulk rice sellers, bypass middlemen for higher profits, and secure the best bulk prices for your business, effortlessly. Simplify your rice sales or procurement with Tradologie.com. Rise in Thai Rice Exports According to Charoen Laothamatas, president of the association, rice exports in November totaled 1.007 million tonnes worth 23.01 billion THB (657.7 million USD), an increase of 19.9% and 23.3% over October. The increase in November rice exports was primarily due to increased shipments of polished and jasmine rice as importers sought to replenish declining stocks amid a 15-year global rice prices high. Polished rice exports totaled 659,694 tonnes in November, a 31% increase over October. According to Charoen, the main markets for Thai polished rice are Indonesia, the Philippines, Algeria, Iraq, Malaysia, Japan, Brazil, and Cameroon. November exports of parboiled rice totaled 91,303 tonnes, an 11.2% decrease from October. From January to November of last year, Thailand exported 7.945 million tonnes of rice, a 14.7% increase over the same period the previous year. During the period, rice exports brought in 4.61 billion USD for the Southeast Asian nation, a 28.9% increase from the previous year.

  2. According to Charoen, the association is optimistic that the kingdom will exceed its initial export target of 8.5 million tonnes of rice for 2023. It estimates that between 800,000 and 900,000 tonnes of rice were exported in December. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities such as to buy Jasmine rice in bulk at negotiable rates. Sellers can easily sell Jasmine rice in bulk digitally and earn higher profits. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. 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.

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