Wednesday, 12 Feb 2020 02:47 PM MYT
The Thai Rice Exporters Association blamed drought, fluctuation in currency exchange and stronger competition from India, Vietnam, China and Myanmar for the drop in volumes. “There is a chance that we may fall to third place this year, with Vietnam overtaking us,” said Chookiat Ophaswongse, honorary president of the exporters association.
The exporters association urged the government to help develop a new strand of rice to expand markets and warned of competition from exporters including China, previously an export market for Thai rice, and Myanmar whose production capability has improved at a lower cost.
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