Thai rice exports to exceed target this year but decline in 2025, association says
Adds details, quotes, from paragraph 2 onwards
BANGKOK, Sept 20 (Reuters) -Thailand's rice exports could exceed target and reach 8.5 million metric tons this year, before falling to 6.5 million tons in 2025 as the strength of the baht THB=TH weighs on demand, its rice exporters association said on Friday.
The association had targeted 8.2 million tons of rice exports this year and about 5.7 million tons were shipped in the first seven months, according to commerce ministry data.
Thailand is the world's second-largest exporter of the grain.
The association is concerned that currency appreciation will impact exports next year and there will be increased competition, its honorary president Chukiat Opaswong told Reuters.
"There is no problem this year, but next year, if the baht continues to rise, it will be harder to sell rice," he said.
The baht should be at around 35 per dollar to make Thai rice exports competitive, he added.
The baht hit 33.0 baht per dollar on Friday, the highest level in more than 19 months. It has gained by 3.2% against the greenback so far this year, to be Asia's second best performing currency after the ringgit MYR=.
Thailand will also face more competition if top exporter India lifts its curb on white rice exports, Chukiat said.
Global rice production is also expected to increase next year, he added.
The price of Vietnam's rice was higher than Thai rice prices, allowing Thailand to sell more grains, but next year it would be difficult to compete, Chukiat said.
"I don't dare set a target for next year. It may be only 6.5 million tons," he said.
Reporting by Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by John Mair, Martin Petty
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
