Thailand Expects Record Rice Exports in 2024, Boosted by Global Demand

Substantial Increase Anticipated, Reflecting Strong Agricultural Performance

WEB - In a significant development, Thailand has projected a remarkable increase in its rice exports for 2024. At a recent press briefing, Prime Minister Srettha Thavisin expressed satisfaction with the country's impressive rice export performance in the first half of this year, setting the stage for a promising outlook.

Revised Forecast Reflects Positive Market Trends

WEB - Director-General of the Foreign Trade Department, Ronnarong Phoolpipat, announced a revised export projection of 82 million tonnes for next year. This substantial increase from the previous forecast of 75 million tonnes reflects Thailand's competitive edge in the global rice market and the strong demand for Thai rice worldwide.

Factors Contributing to Export Success

WEB - Thailand's rice export success stems from several factors, including favorable weather conditions, efficient farming practices, and a well-established agricultural infrastructure. The country's rice varieties, known for their high quality and taste, enjoy a strong reputation in international markets.

Economic Benefits for Thailand

WEB - The anticipated rise in rice exports is expected to have a positive impact on Thailand's economy. It will boost farmers' income, create employment opportunities in the agricultural sector, and contribute to the country's overall economic growth.

Commitment to Sustainable Rice Production

WEB - Recognizing the importance of environmental sustainability, Thailand is focusing on promoting responsible rice production practices. The government is working with farmers to implement water conservation techniques, reduce greenhouse gas emissions, and maintain biodiversity.