USDA arm sees ’18-19 Thai rice crop at record high

Thailand’s rice output in 2018-19 (Jan-Dec) is likely to touch a record high of 21.0 mln tn, and up 3% from a year ago. The rise has been attributed to higher acreage following lucrative prices and sufficient reservoir volumes to support irrigation. Rice acreage for the current season is estimated at 11.0 mln ha against 10.7 mln a year ago. Despite a rise in output, exports in 2018-19 are seen unchanged on year at 10 mln tn.