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8 Feb 2024

Econ Digest

The value of Thai rice exports may decline by 13% in 2024 as India will likely resume rice exports after its general election

คะแนนเฉลี่ย

  • It is expected that Thai rice exports will face a significant risk in 2024 as India may lift its ban on rice exports during 2H24. As a result, Thailand will likely face increased price competition from India, resulting in a decline in Thailand’s rice export volume.
  • KResearch estimates that the overall value of Thai rice exports in 2024 may reach around USD4,495 million, a drop of 13%YoY, because of the declines in Thailand’s rice export volume by 10% and average rice export price by 3%.

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