BANGKOK, July 30 (Xinhua) -- Thailand expects to export 8.2 million tons of rice in 2024, up from the 7.5 million tons projected earlier, thanks to robust demand from key markets, weak local currency and increased production, the Ministry of Commerce said on Tuesday.
In the first half of this year, the Southeast Asian country shipped out 5.08 million tons of rice, marking a 25.12 percent surge compared to the previous year, the ministry said in a statement.
The increased demand is attributed to importing nations' need for food security and stockpiling, coupled with India's continued export restrictions, said Ronnarong Phoolpipat, director general of the Minister's Department of Foreign Trade.
Ronnarong said rice production in the final quarter of the year is expected to pick up as the effects of the El Nino weather phenomenon have subsided.
The kingdom's rice shipment recorded a 13.7 percent rise from a year earlier to 8.76 million tons in 2023, beating a target of 8 million. ■
