Commodity - Thailand rice exports expected to rise sharply.

Byline: S. Kamal Hayder Kazmi

Thailand is forecast to export 8 million tonnes of rice in the 2021-22 marketing year, up 31 percent from the previous year, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). Attractive Thai prices, driven by the weakening of the Thai baht, are the reason for the sharp increase in exports, the report said. Rice production is projected to increase year-on-year from 18.8 million tonnes to 20.8 million tonnes, the USDA said. The report noted that the country's wheat imports are...