{"id":16653,"date":"2023-03-23T11:29:30","date_gmt":"2023-03-23T03:29:30","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=16653"},"modified":"2023-03-23T11:29:31","modified_gmt":"2023-03-23T03:29:31","slug":"thailand-increases-rice-export-target-to-8-million-tons-in-2023","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=16653","title":{"rendered":"Thailand increases rice export target to 8 million tons in 2023"},"content":{"rendered":"\n

BANGKOK, March 23<\/strong> — Thailand raised its rice export target this year to 8 million tons, up from a previous target of 7.5 million tons, due to higher rice output, a government official said Wednesday.<\/p>\n\n\n\n

Thai rice is expected to see higher exports as the global economy is recovering, while the strengthening baht and volatile exchange rate could impact competitiveness, said Anucha Burapachaisri, deputy secretary-general to the prime minister and government spokesman, in a statement, reported Xinhua.<\/p>\n\n\n\n

Rice export in the first two months this year were recorded at 1.39 million tons, with 52 per cent shipped to Asian markets, Anucha said.<\/p>\n\n\n

\n
\"rice<\/figure><\/div>\n\n\n

Under the government’s marketing-led production strategy, the Southeast Asian country plans to increase its rice output by 6 per cent from the previous season to 29.3 million tons of paddy in the 2023\/24 season, Anucha said in a separate statement released on Tuesday.<\/p>\n\n\n\n

Of the total production, 10.12 million tons of milled rice are allocated for domestic consumption, while 8 million tons of milled rice are set for export, and 1.41 million tons of paddy are reserved for seed stock, according to the statement.<\/p>\n\n\n\n

Thailand exported 7.69 million tons of rice last year, beating its annual target of 7.5 million tons, with the top markets including Iraq, South Africa and China.<\/p>\n\n\n\n

NMT<\/a> as reported by BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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