Thailand projected to reduce rice exports.

Rice exports in Thailand are forecast to decline by 23 percent in the 2020-21 marketing year due to tight supplies of white paddy rice, according to a Nov. 10 Global Agricultural Information Network report from the US Department of Agriculture (USDA).

Thailand, a perennial global leader in rice exports, is projected to export 5.9 million tonnes this year, down from 7.5 million tonnes in 2019-20.

The USDA forecasts a 5 percent increase in rice production from the previous year to 18.6 million tonnes due to favorable weather conditions...