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Rice traders predict that 2024 will still be a golden year for Thai rice with good prices.

Bangkok 15 Mar. - Honorary President of the Thai Rice Exporters Association. Revealed that it is preparing to adjust the Thai rice export target this year from the original 7.5 million tons to a higher level after assessing that India still prohibits the export of white rice. As Indonesia's demand increases and the price of competing rice in Vietnam Pakistan and Thailand are close together, confident that this year will still be a golden year for farmers. Mr. Chukiat Opasawong, Honorary President of the Thai Rice Exporters Association, said that from the beginning the Thai Rice Exporters Association estimated the overall Thai rice exports in 2024 at 7.5 million tons, but as has been followed over the past 2 years This month, the trend of Thai rice exports and the demand for rice in the world market is expected to continue to increase due to the view that India will continue to use measures banning the export of white rice until the end of the year. In addition, Indonesia's demand for imported rice from abro ad has increased from this year's demand of 2.5 million tons, which will increase to 3.6 million tons, making rice exporting countries, whether Vietnam, Pakistan and Thailand also have opportunities to export rice to Indonesia. In addition, if looking at the issue of rice price competition in these two countries. Especially white rice in the market will have a similar price of 610-620 USD per tonne, making the price competitive. Therefore, from both India and Indonesia's increased demand for rice, this year has an opportunity. Thailand will be able to export more than 7.5 million tons of rice, but how much will it be? The Thai Rice Exporters Association is currently evaluating various situations. It is expected that this year's rice export figures will be announced soon. Currently, the number of Thai rice exports each month falls to more than 800,000-900,000 tons, making it possible for Thailand to export no less than 2.5 million tons of Thai rice in the first quarter of this year. However, the direction of Thai rice exports this year is considered good and will likely be another golden year for Thai farmers. Because if we compare the price of rice, especially rice, the average price right now is about a tonne. 11,000-12,000 baht from the beginning of 2023, averaging at 7,000-8,000 baht per ton. Most farmers are satisfied with this price because it is a price that has continued to increase from the past year.-514-Thai News Agency Source: Thai News Agency