Commodity - Thailand rice production, exports to rise.

Byline: S. KAMAL HAYDER KAZMI

The La Nina weather phenomenon will provide plentiful precipitation and water supplies for rice farmers in Thailand, yielding 20 million tonnes of rice in marketing year 2022-23, a 2 percent increase over 2021-22, according to a Global Agricultural Information Network report from the US Department of Agriculture Foreign Agricultural Service (FAS). USDA's FAS Bangkok Post is forecasting rice exports in 2022 at 8 million tonnes, up 31 percent from 6.1 million tonnes in 2021, due to larger exporter supplies. "The weakening of the Thai baht has made Thai rice export prices attractive and competitive," FAS said. "Traders anticipate increased demand for Thai...