Thailand may export 11 MMT of rice this year.

Thailand may export 11 MMT of rice this year vs 9.63 MMT in LY. Thailand is negotiating rice deals with many countries such as Sri Lanka and Bangladesh. This will help improve Thai rice prices and push our export volume up to 11 million tonnes. Thailand, the world’s second-biggest rice exporter after India, set an export target of 10 million tonnes for 2017. It has exported 6.3 million tonnes of rice so far this year, an increase of 16% from the same period last year. Some provinces in the rice-growing north-eastern region have been affected by floods which began in July. The floods are not likely to affect rice exports.