webfact Posted February 8, 2022 Share Posted February 8, 2022 Credit: Adobe Stock By Arvin Donley BANGKOK, THAILAND — Thailand is forecast to export 8 million tonnes of rice in the 2021-22 marketing year, up 31% from the previous year, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). Attractive Thai prices, driven by the weakening of the Thai baht, are the reason for the sharp increase in exports, the report said. Rice production is projected to increase year-on-year from 18.8 million tonnes to 20.8 million tonnes, the USDA said. Full story: https://www.world-grain.com/articles/16452-thailand-rice-exports-expected-to-rise-sharply -- © Copyright WORLD GRAIN 2022-02-08 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted February 8, 2022 Popular Post Share Posted February 8, 2022 2 hours ago, webfact said: Attractive Thai prices, driven by the weakening of the Thai baht, are the reason for the sharp increase in exports, the report said. Rice production is projected to increase year-on-year from 18.8 million tonnes to 20.8 million tonnes, the USDA said. Not much weakening , plus increase of rice production in other countries , Let's hope it is so , regards Worgeordie 3 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted February 8, 2022 Popular Post Share Posted February 8, 2022 5 hours ago, webfact said: Attractive Thai prices, driven by the weakening of the Thai baht, are the reason for the sharp increase in exports, the report said. Thai baht isn't weakening much, and they still have to compete with other producing countries. 5 Link to comment Share on other sites More sharing options...
Isaan sailor Posted February 8, 2022 Share Posted February 8, 2022 Well, why not weaken the Baht a boatload, so they can sell more rice, and most everything they make here more competitively? Thailand must choose between a future of Belt and Road servitude, or an independent, competitive and vibrant economy. 2 Link to comment Share on other sites More sharing options...
trainman34014 Posted February 8, 2022 Share Posted February 8, 2022 Seems to be a surplus around lately. In Big C this morning and dozens of bags reduced in price piled up. Not just junk but the good stuff as well. 1 Link to comment Share on other sites More sharing options...
Venom Posted February 8, 2022 Share Posted February 8, 2022 PM2.5 air pollution also expected to increase sharply. I winder if there's a connection? ???? 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted February 8, 2022 Share Posted February 8, 2022 No worries, the Baht strengthened a bit today. The article probably took data from several weeks ago when the Baht was 1-2% lower than today. The higher the Baht—the worse the economy. They should understand that by now. 1 1 Link to comment Share on other sites More sharing options...
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