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21-12-2022, 05:53 PM
UPDATED 3 HOURS AGO
BANGKOK - Thailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation.
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Rice is a staple for half the world, and while wheat soared to its highest ever in March, rice was relatively subdued, helping to constrain food inflation in Asia. People in some countries, such as Indonesia, may have shifted away from expensive wheat to cheaper rice in a bid to keep food costs under control.
Thailand benefited this year from India’s move to limit shipments, and also from Iraq’s return to the market, Mr Chookiat said in an interview. Thailand’s strong rice exports reflected global food security fears, and lower production in top growers like India, which accounts for almost 40 per cent of international trade.
“Countries have been importing more rice to build stockpiles and keep domestic prices down,” Mr Chookiat said. “The weak baht and our lower prices this year boosted our competitiveness,” he said, referring to the Thai currency.
https://www.straitstimes.com/business/fo...-year-high
BANGKOK - Thailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation.
......
Rice is a staple for half the world, and while wheat soared to its highest ever in March, rice was relatively subdued, helping to constrain food inflation in Asia. People in some countries, such as Indonesia, may have shifted away from expensive wheat to cheaper rice in a bid to keep food costs under control.
Thailand benefited this year from India’s move to limit shipments, and also from Iraq’s return to the market, Mr Chookiat said in an interview. Thailand’s strong rice exports reflected global food security fears, and lower production in top growers like India, which accounts for almost 40 per cent of international trade.
“Countries have been importing more rice to build stockpiles and keep domestic prices down,” Mr Chookiat said. “The weak baht and our lower prices this year boosted our competitiveness,” he said, referring to the Thai currency.
https://www.straitstimes.com/business/fo...-year-high
