Thailand set a target for rice exports of 7-7.5 million tonnes next year, up from an estimated 6 million tonnes this year, helped by sufficient water supply and a weak baht, making Thai grains more competitive. Speaking after a discussion with senior Commerce Ministry officials, Charoen Laothammatas, president of the Thai Rice Exporters Association, said ample water supply and a weakened baht, now averaging 33 to the US dollar, are expected to prop up rice exports in the year to come. The baht’s weakness has made Thai rice export prices more competitive, with the free-on-board prices of 5% whi…

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