Reuters reported on August 7 that Thailand is benefiting from India’s rice export ban and there is no reason to stop the country’s exports because the country has enough production to meet exports and domestic consumption, the country’s commerce minister said on Monday.
Thailand’s Commerce Minister Jurin Laksanawisit told a news conference that India’s ban has opened up opportunities for Thai rice producers, especially in Africa, which consumes a lot of Indian rice. Jurin Laksanawisit said that due to India’s export ban, global prices have risen with lower production and farmers can sell rice at a higher price, but global prices are volatile and the government will closely monitor developments.
Thailand, the world’s second-largest rice exporter, is expected to export more than 8 million tons of rice this year, said Charoen Laothamatas, president of the Thai Rice Exporters Association.
(Article source: Jiemian News)
Article source: Interface News
Original title: Thailand says it will not suspend rice exports, is now benefiting from India’s export ban
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2023-08-07 09:26:31
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