Thailand risks slipping to 3rd place in rice exports
Thailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of rice varieties to cater to changing market demand.
Charoen Laothamatas, president of the Thai Rice Exporters Association, said amid stiff competition, relatively higher production costs than rivals such as Vietnam, volatile foreign exchange and widespread drought, Thailand risks falling to third this year, with Vietnam taking second place.
Phusadee Arunmas
