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7 Feb 2024

Agriculture

The value of Thai rice exports may decline by 13% in 2024 as India will likely resume rice exports after its general election (Current Issue No.3455)

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 USD 4,495 million, a drop of 13 percent YoY, because of the declines in Thailand’s rice export volume by 10 percent and average rice export price by 3 percent.

Agriculture